Here are some key points to understand workers' compensation insurance.

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• Coverage of work-related injuries and illnesses: Workers' compensation insurance covers injuries and illnesses that occur in the workplace or as a direct result of work activities. This includes physical accidents, such as falls or injuries from machinery use, as well as occupational diseases, such as repetitive strain injuries, exposure to toxic substances, or work-related respiratory illnesses.

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• Employee benefits: Workers' compensation insurance provides benefits to employees who suffer an injury or illness related to their work. These benefits may include medical care, physical rehabilitation, compensation for lost wages due to temporary or permanent disability, compensation for partial or total disability, and benefits for death or permanent disability.

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• Employer's obligation: Workers' compensation insurance is mandatory in most countries and states. Employers are generally legally required to provide this coverage to their employees. The insurance premium is based on the company's payroll and the level of risk associated with the industry in which it operates.

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• Exclusion of legal claims: In general, workers' compensation insurance states that employees waive the right to sue their employer for work-related injuries or illnesses. In exchange, employees receive the benefits of workers' compensation insurance without having to prove the employer's liability.

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• Protection for Employers: Workers' compensation insurance also protects employers by limiting their legal liability in the event of work-related injuries or illnesses. By providing this coverage, employers can protect themselves against costly lawsuits and can comply with labor laws and workers' compensation regulations.