PSI Ohio Insurance Practice Exam 2025 – Complete Preparation Guide

Question: 1 / 400

What is the primary purpose of workers' compensation insurance?

To cover lost wages due to job loss

To provide medical benefits for work-related injuries

The primary purpose of workers' compensation insurance is to provide medical benefits for work-related injuries. This coverage is essential because it ensures that employees who suffer from injuries or illnesses resulting from their job have access to necessary medical treatment without facing overwhelming financial burdens. It not only covers the medical expenses related to the treatment of the injury but also facilitates the rehabilitation process for the worker.

This insurance serves of significant value because it creates a safety net for workers, allowing them to recover and return to work more easily while their medical needs are met. Additionally, it protects employers from costly lawsuits, as employees typically forfeit the right to sue for negligence in exchange for these promised benefits.

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To cover legal fees for the insured

To insure business property

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