Financial assistance provided to employees after workplace accidents would be classified as?

Compensation benefits are financial payments awarded to employees who have suffered injuries or illnesses as a result of their work. These benefits are designed to cover medical expenses, lost wages, and rehabilitation costs that arise due to a workplace accident. The essence of compensation is to provide financial relief and support to employees during their recovery period, ensuring they are not left without means to support themselves following an incident.

In many jurisdictions, employers are obligated to provide these benefits through workers' compensation systems or similar programs. This legal framework ensures that employees are protected and can rely on financial assistance when they experience work-related accidents.

The other options refer to different concepts. Insurance payouts generally arise when a claim is made on an insurance policy, which might or might not relate directly to workplace accidents. Employee assistance funds typically refer to programs that provide support for issues like mental health and personal challenges, rather than specific financial compensation for workplace injuries. Support payments can be quite broad and may not necessarily imply a structured compensation relating to work-related incidents.