Workers' Compensation is a government-mandated system offering medical and compensation benefits for work-related injuries, diseases, and deaths. This agreement ensures injured employees receive wage replacement, medical treatment, rehabilitation, and other benefits, irrespective of fault. It serves as a protective pact for both workers and employers, allowing injured employees access to wages and medical care while relinquishing the right to sue their employer for negligence. Keep in mind that workers' compensation policies are state-specific, leading to variations in compensation for identical injuries across different states.