What type of insurance protects employees who are injured while on the job?

Workers' compensation insurance is specifically designed to protect employees who sustain injuries or illnesses that arise from their job duties. This type of insurance provides a safety net for both employees and employers; it covers medical expenses, rehabilitation costs, and lost wages due to work-related injuries or illnesses.

In the event that an employee is injured while performing their job, workers' compensation ensures that they receive the necessary medical treatment and compensation without having to prove fault or negligence. This system is beneficial because it helps maintain workplace morale and provides a degree of financial security for workers who might otherwise face significant medical bills and lost income.

The other types of insurance mentioned serve different purposes: property damage insurance covers damage to physical property, boiler and machinery insurance protects against equipment failures, and fidelity bonding secures against employee theft or fraud. None of these provide coverage for work-related injuries like workers' compensation does.