What is needle stick insurance?

It's a type of insurance that gives you a lump sum of cash if you get a blood-borne virus like HIV or hepatitis from a needlestick injury at work. It's like a safety net for those who work in high-risk jobs, like healthcare professionals.

Is needlestick insurance tax deductible?

Nope, the premiums you pay for needlestick insurance aren't tax-deductible. But the good news is, if you ever need to claim it, the payout you receive is tax-free.

How much compensation for needle stick injury?

It depends on your insurance policy. Most policies offer a lump sum payout, usually between $50,000 and $1,000,000. The exact amount will depend on the insurer and the level of cover you choose.