Which of the following is a benefit of having worker’s compensation insurance for contractors?

Having worker's compensation insurance for contractors is crucial because it pays medical costs for work-related injuries, which directly supports injured employees. This coverage is essential in ensuring that if a worker suffers an injury while on the job, their medical expenses will be taken care of without placing a financial burden on the worker or the contractor.

Workers’ compensation insurance is designed to protect both the employee and employer by providing necessary medical benefits and wage replacement during recovery, thus facilitating a quicker return to work. This safety net not only promotes well-being among workers but also helps maintain a more productive and secure work environment.

The other options, while addressing aspects of employment, do not accurately define the core benefits of worker's compensation insurance. For instance, eliminating all job risks is unrealistic, as every job carries some level of risk. Covering employees' wages during non-work periods and guaranteeing employment are not functions of worker's compensation insurance, which specifically addresses injuries that occur in the course of employment.