Final answer:
Worker's Compensation generally covers all necessary medical expenses and may provide benefits for lost wages. It does not cover pain and suffering, and the amount of compensation is not a lump sum set by the employer.
Step-by-step explanation:
Worker's Compensation is a form of insurance that provides benefits to workers who are injured or become ill on the job. The amount that Worker's Compensation covers varies depending on the situation. Generally, Worker's Compensation will cover all necessary medical expenses related to the injury or illness.
In addition to medical expenses, Worker's Compensation may also provide benefits for lost wages when an employee is unable to work due to the injury. This typically includes a percentage of the employee's pre-injury wages.
However, Worker's Compensation typically does not cover pain and suffering resulting from the injury. Furthermore, the amount of compensation provided is usually not a lump sum predetermined by the employer, but rather a calculation based on the severity of the injury, the employee's wages, and other factors determined by the state.