Which term refers to the financial benefits paid to an employee upon injury at work?

The term that refers specifically to the financial benefits paid to an employee who sustains an injury while on the job is workman's compensation. This form of insurance provides wage replacement and medical benefits to employees injured in the course of employment, ensuring that they are supported while they recuperate. Workman's compensation is crucial as it not only protects the worker but also offers a liability shield to employers against legal claims resulting from workplace injuries.

In contrast, unemployment benefits are designed for individuals who are unemployed not due to injury but rather due to job loss. Long-term disability is a type of insurance that provides income when an individual is unable to perform their job for an extended period due to a medical condition, which may not necessarily be job-related. Health insurance typically covers medical expenses but does not specifically address the compensation aspect related to workplace injuries.