Compensation Fund

The Compensation Fund is a financial scheme designed to support workers who suffer injuries or illnesses related to their job. Funded primarily through contributions from employers, it provides benefits such as medical care, wage replacement, and compensation for permanent disabilities. The aim is to ensure workers are protected financially if they experience work-related harm, and it also encourages safe workplace practices. Essentially, it acts as a safety net, helping injured employees recover and maintain financial stability while they heal or adapt to their new circumstances.