Workers' compensation is a system of insurance that provides monetary benefits and medical care to employees who are injured or become ill as a result of their work. It is a form of social insurance that is designed to protect both workers and employers by providing financial support to workers who are unable to work due to work-related injuries or illnesses, and by shielding employers from lawsuits related to workplace injuries. Workers' compensation laws vary by jurisdiction but generally require employers to carry insurance coverage for their employees and provide benefits such as wage replacement, medical treatment, rehabilitation services, and disability benefits to injured workers.