Last Updated on April 19, 2021
4. Worker’s Compensation
The worker compensation may seem similar to Disability Insurance policy, but it’s the opposite. Also named as worker comp, this policy is available for injuries caused to a worker at the time of only work. If a worker got injured at work, they would be paid monthly benefits and allowance to support until he becomes fit. Many people use Worker’s Compensation as an alternative for Disability Insurance, but it’s not totally like that. Furthermore, this policy is effective and cost-effective only if your injury occurred during working hours. It costs $47 monthly per worker.
