Florida Building Contractor Business/Finance Practice Exam

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Workers compensation insurance primarily covers injuries or illnesses that are:

Personal in nature
Job related
Contractual disputes
Family-related incidents

The correct answer is: Job related

Workers' compensation insurance is specifically designed to provide financial benefits to employees who suffer injuries or illnesses as a direct result of their job duties or in the workplace. This form of insurance is crucial because it ensures that workers receive medical care and a portion of their lost wages without having to prove fault or negligence on the part of the employer. The benefit structure is set to alleviate the financial burden on both the employee and the employer, fostering a safer working environment and promoting employee welfare. In this context, job-related injuries can range from slips and falls to repetitive strain injuries that occur as a result of work obligations. The focus on job-related incidents is a key distinguishing factor of workers' compensation, as it does not cover personal injuries incurred outside the workplace, contractual disputes that may arise between parties, or family-related incidents that occur outside the realm of work.