Compensation Scheme

A Compensation Scheme is a structured program set up by organizations, government bodies, or insurance companies to provide financial reimbursement or benefits to individuals who have suffered losses or damages. This could include compensation for injuries, property damage, or financial losses due to accidents, negligence, or other incidents. The scheme outlines eligibility criteria, the process for filing claims, and how compensation amounts are determined, ensuring that affected individuals receive fair support to help them recover and rebuild after a harmful event.