Final answer:
Unemployment insurance and workers' compensation are both forms of insurance that provide financial benefits to workers, but they differ in terms of the specific circumstances that qualify for benefits.
Step-by-step explanation:
Unemployment insurance and workers' compensation are both forms of insurance that provide financial benefits to workers. However, they differ in terms of the specific circumstances that qualify for benefits.
Unemployment insurance is a joint federal-state program that provides benefits to workers who lose their jobs and are actively seeking new employment. It is funded by employers, who contribute a small percentage of their payroll to the fund. Workers can typically receive benefits for a period of up to six months.
Workers' compensation is a form of insurance that provides benefits to workers who suffer injuries or illnesses as a result of their work. It is funded by employers, who pay a small percentage of the salaries they pay into a state-level fund. The benefits can include medical expenses, lost wages, and rehabilitation services.