What is generally covered under the Workers' Compensation policy?

The focus of a Workers' Compensation policy is specifically on providing benefits to employees who are injured or become ill as a direct result of their work. This coverage typically includes medical expenses, rehabilitation costs, and lost wages, ensuring that employees receive the necessary support without having to prove fault.

Employer's liability, which is included under the Workers' Compensation policy, protects employers against lawsuits filed by employees for work-related injuries or illnesses that are not covered by the Workers' Compensation benefits. This means that if an employee feels that the employer's negligence contributed to their injury, they could sue, and employer's liability coverage would help protect the employer from the financial repercussions of such claims.

In contrast, employee benefit liability, third-party liability, and fiduciary are not standard components of Worker’s Compensation policies. Employee benefit liability would relate more to issues concerning benefits offered to employees rather than injuries at work. Third-party liability pertains to situations where an employee can seek compensation from a third-party who may have contributed to or caused the injury. Fiduciary liability deals with issues related to the management of employee benefit plans. Each of these areas has its distinct purpose and is typically covered under different types of insurance policies.