The Vaccine Adverse Event Reporting System (VAERS) was established in 1990 as a system to detect safety issues with licensed vaccines in the US. The system is co-managed by CDC and FDA and is considered a passive surveillance system, meaning individuals are relied on for reporting. And considering many do not even know VAERS exists, much less how or what to report, research puts the number of reports at less than 1% of actual adverse events that occur. Healthcare providers are MANDATORY reporters, however many surveyed workers were not aware of the system. Read more about VAERS here.
The VICP, Vaccine Injury Compensation Program, was created after mounting lawsuits threatened to bankrupt the vaccine industry which would result in “vaccine shortages” and “declining vaccination rates”. The VICP was designed to give vaccine injured individuals access to a liability free forum where tax funds are used to compensate victims for their injuries. An injury must be reported to VAERS and be an accepted vaccine injury according to the Vaccine Injury Table to be eligible for petition. To date over $4 BILLION has been paid out of the court fund. You can read more about VICP here.