Worker's compensation is a form of insurance that provides WAGE replacement and medical benefits to employees who are injured while on the job. It is typically funded by employers, and is designed to protect both the employee and the employer from financial losses due to workplace accidents. Paycheck, WAGE, PAY, and SALARY are all terms used to describe the money an employee receives in exchange for their work. Paycheck is an 8 letter word, WAGE is a 4 letter word, PAY is a 3 letter word, and SALARY is a 6 letter word.