MANAGEMENT

BUISENESS MANAGEMENT

INSURANCE

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
A system whereby an employer must pay or provide insurance to pay, the lost wages and medical expenses of an employee who is injured on the job
A
liability insurance
B
workman’s compensation
C
implied warranty
D
property insurance
Explanation: 

Detailed explanation-1: -Workers’ compensation in medical billing are provided by carriers to employers to cover treatment for illness or injuries that happen to their worker as a result of employment. As a service, workers’ compensation billing entails a lot of guidelines marked by several requirements and limitations.

Detailed explanation-2: -The Employee/Worker Compensation Policy helps the employer financially compensate employees who are injured or die because of an accident that happened while they were working. Worker compensation covers injuries, disabilities, and deaths of employees caused by accidents during their job.

Detailed explanation-3: -For example, an employee got an injury in his ankle while unloading a truck of goods. This injury at the ankle caused him to limp and resultantly he was having back pain. Workers’ Compensation Insurance can help to cover his treatment of back pain because it was because of his ankle injury.

Detailed explanation-4: -Workers’ compensation refers to the benefits that employees receive if they are injured on the job. Employer’s liability insurance protects an employer in the event that an employee sues them for workplace injuries. Workers’ compensation covers statutory requirements covered by India’s compensation laws.

There is 1 question to complete.