What type of insurance would a business need to cover the costs of employee injuries on the job?

Workers' compensation insurance is specifically designed to cover the costs associated with employee injuries that occur while they are on the job. This type of insurance provides financial benefits to employees for medical expenses, rehabilitation costs, and lost wages due to work-related injuries or illnesses. Additionally, it protects employers from potential lawsuits stemming from employee injuries by offering a structured system of compensation.

General liability insurance, while important, covers bodily injury and property damage claims from third parties, not specifically employee injuries. Property insurance protects against loss or damage to business property, and business interruption insurance compensates for lost income due to disruptions in business operations. In contrast, workers' compensation insurance directly addresses the needs and legal requirements surrounding employee safety and compensation in the workplace.