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Workmens compensation insurance is a type of business insurance that provides benefits to employees who suffer work-related injuries or illnesses. Specifically, this insurance helps pay

Workmens compensation insurance is a type of business insurance that provides benefits to employees who suffer work-related injuries or illnesses. Specifically, this insurance helps pay for medical care, wages from lost work time and more.

  1. This insurance is included in income because it covers wages from lost work.
  2. Is excluded from income.
  3. Is excluded from income only if used for certain purposes.
  4. Is partially included in income and partially excluded.

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