Workers’ compensation is a system of insurance that provides benefits to employees who suffer work-related injuries or illnesses. It is designed to cover medical expenses, lost wages, and rehabilitation costs associated with work-related injuries or illnesses. Employers are typically required by law to provide workers’ compensation insurance to their employees. Effective management of workers’ compensation involves ensuring that employees receive prompt medical treatment and benefits, identifying and addressing workplace hazards that may lead to injuries or illnesses, and complying with regulatory requirements related to workers’ compensation insurance. Proper management of workers’ compensation can help businesses minimize the financial impact of work-related injuries or illnesses and demonstrate their commitment to the health and safety of their employees.
