What does workman's compensation provide for employees?

Workman's compensation is a form of insurance designed to provide financial and medical benefits to employees who are injured in the course of their work. This system ensures that workers receive monetary payments to cover medical expenses and lost wages resulting from work-related injuries or illnesses. In the unfortunate event of an employee's death due to a workplace accident, workman's compensation also provides benefits to the employee's dependents.

This safety net is crucial because it helps protect both employees and employers by reducing the need for litigation over workplace injuries. The focus is specifically on injuries and conditions that arise as a direct result of employment, making it an essential aspect of labor protection laws.

Other options, such as bonuses for performance, medical insurance, and retirement benefits, serve different purposes and do not specifically address the financial and medical support needed after a workplace incident. Hence, the correct answer highlights the primary function of workman's compensation in providing support for work-related injuries or death.