What is another word for workmen compensation insurance?
Pronunciation: [wˈɜːkmɛn kˌɒmpənsˈe͡ɪʃən ɪnʃˈʊ͡əɹəns] (IPA) 
Workmen compensation insurance is a crucial type of insurance for businesses that have employees. It offers financial protection to both the employer and employee in the event of an injury or illness on the job. There are several other terms that can be used interchangeably with workmen compensation insurance, including workers' compensation, worker's comp, employment insurance, and occupational accident insurance. Regardless of what it's called, the purpose remains the same - to ensure that employees receive fair and just compensation for injuries sustained while working, while also helping employers avoid financial ruin from costly lawsuits and other legal expenses.
