What type of insurance provides wage replacement and medical benefits for employees injured at work?

Worker's compensation insurance is specifically designed to provide wage replacement and medical benefits to employees who suffer work-related injuries or illnesses. This insurance covers various costs associated with workplace injuries, including medical treatment, rehabilitation, and a portion of the employee's lost wages while they are unable to work due to their injury.

The purpose of worker's compensation is to ensure that employees are not financially burdened by medical expenses or loss of income as a result of a workplace accident. Employers are generally required by law to carry worker's compensation insurance to protect both their employees and themselves from potential lawsuits that could arise from work-related injuries.

In contrast, health insurance focuses on covering general medical expenses unrelated to work, life insurance provides financial support to beneficiaries upon the policyholder's death, and disability insurance offers income replacement in the event that an individual is unable to work due to non-work-related illnesses or injuries. These other types of insurance do not specifically address the unique needs of employees injured while performing their job duties, which is the primary function of worker's compensation.