What is the main function of workers' compensation insurance?

The main function of workers' compensation insurance is to provide medical and disability benefits to employees who are injured while performing their job duties. This type of insurance is specifically designed to ensure that workers receive necessary medical treatment for workplace injuries, as well as compensation for lost wages during their recovery period.

Workers' compensation acts as a safety net for employees, allowing them to focus on healing without the added stress of financial burdens from medical bills or loss of income. Additionally, it protects employers from lawsuits related to workplace injuries, as the compensation system is typically no-fault. This means that employees do not need to prove negligence on the part of the employer to receive benefits, making it a streamlined process for all parties involved.

In contrast, the other options pertain to different aspects of insurance or employee benefits that do not specifically address the needs arising from job-related injuries and disabilities.