What type of coverage does Workers’ Compensation provide?

Workers’ Compensation is a type of insurance that offers a safety net for employees who are injured or become ill as a result of their work. The correct response emphasizes that Workers' Compensation provides compensation for lost wages and medical expenses without regard to who was at fault in causing the injury or illness. This no-fault system is designed to ensure that injured workers receive timely medical care and financial support during their recovery, without the need to prove that their employer was negligent or to engage in lengthy litigation.

This framework not only assists employees in managing the costs associated with their injuries but also serves to protect employers from lawsuits, creating a more efficient balance between employee rights and employer responsibilities. By facilitating access to benefits quickly and with less bureaucratic delay, Workers’ Compensation helps to promote workplace safety and support injured employees in returning to work when they are able.

The other options do not capture the full essence of Workers’ Compensation. For instance, the coverage is not limited to just medical expenses, nor does it include job placement services or guarantee full salaries. Instead, it aims to provide specific compensatory amounts calculated based on lost wages and medical costs, further highlighting the unique nature of this insurance coverage.