What is the difference between workers' compensation insurance & liability insurance?
Answers: Workers Compensation Insurance: insurance that provides compensation medical care for employees who are injured contained by the course of employment.
Liability Insurance: insurance that provides protection from claims arising from injuries or damage to other people or property
In other words, The First One Pays If You Get Hurt on the Job The Second Stops People From Suing You If they acquire hurt on your property. Source(s): want to earn cash online? http://www.earncashfromgoogle.com
WORKERS COMPENSATION
Workers Compensation is a policy conforming to state law, which pays benefits to an employee if the member of staff suffers a job-related injury (including death), or disease related to work.
LIABILITY INSURANCE
Insurance that pays for what the policyholder is legally obligated to pay envelope because of bodily injury or property damage caused to another individual. Source(s): 35 years insurance industry experience
Workers comp is a NO FAULT insurance. The injured worker collects medical payments and lost wages, REGARDLESS OF FAULT, for a qualified injury. In return, they CANNOT sue the employer.
Liability is PURE FAULT. It protects someone, if someone sues them for injuries. No one gets any money, without proving blemish.
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