Which of the type of insurance pays benefits to workers who suffer an injury on the job? Select the correct answer below: deposit insurance pension insurance O workman's compensation insurance none of the above
Which of the type of insurance pays benefits to workers who suffer an injury on the job? Select the correct answer below: deposit insurance pension insurance O workman's compensation insurance none of the above
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Question
Transcribed Image Text:Which of the type of insurance pays benefits to workers who suffer an injury on the job?
Select the correct answer below:
deposit insurance
pension insurance
O workman's compensation insurance
none of the above
Expert Solution
Step 1
Insurance is an agreement in which an individual or organization obtains financial security or compensation from an insurance firm in the form of a policy. The firm pooled the risks of its clients to make premiums more reasonable to the insured. Insurance policies are often meant to protect against the possibility of large and tiny financial losses resulting from damage to the insured's properties or liabilities for damage or injury to a third party.
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