Definition: The word 'insurance benefits' refers to the compensation or payments made by a company, government agency, or other entity to an employee who sustains personal injury or illness as a result of his/her work. In simpler terms, insurance benefits are the financial compensation that employers provide their employees for injuries and illnesses they may sustain on the job. The goal is to help them get back on track financially by providing medical bills, lost wages, and other resources to support their needs. For example, if an employee sustains a serious injury at work due to a workplace accident, his/her employer would likely provide insurance benefits in exchange for a portion of the cost of treatment. This could include medical services, transportation expenses, and any necessary accommodations or modifications made to work conditions. In summary, insurance benefits are financial payments that help employees recover from injuries and illnesses they may suffer at their workplace, while providing basic necessities such as medical care and temporary support in the aftermath of an accident.