New York Insurance Exam Practice Question
Which type of insurance is required for employees injured on the job?
Correct Answer: C
Rationale: Workers' compensation insurance is essential for providing medical benefits and wage replacement to employees injured on the job, ensuring they receive necessary support without litigation.
Liability insurance (A) protects businesses from claims due to negligence or harm to third parties, not specifically for employee injuries. Property insurance (B) covers damage to physical assets, which does not address employee welfare. Business interruption insurance (D) compensates for lost income due to business disruptions, but it does not cover employee injuries. Thus, only workers' compensation insurance directly addresses the needs of injured employees.
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