What does Workman's compensation provide to an employee?

Workman's compensation is a form of insurance that provides financial assistance and support to employees who suffer work-related injuries or illnesses. The primary function of this compensation is to ensure that injured employees receive the necessary monetary benefits to cover medical expenses, rehabilitation costs, and a portion of lost wages while they are unable to work. This financial support is crucial for employees to recover from their injuries without suffering undue financial hardship.

While health insurance, retirement benefits, and paid time off may be important aspects of overall employee welfare, they do not specifically address the needs of workers who are injured on the job, which is the purpose of workman's compensation. By offering direct monetary support in the wake of a workplace injury, workman's compensation plays a vital role in the safety net for employees, ensuring they are not left without resources during a challenging recovery period.