Workers’ compensation insurance

Workers’ compensation insurance is a form of statutory accident insurance through which employers insures their employees in the event of accidents or occupational diseases. The insurance covers accidents and occupational diseases at work, on work trips and in connection with work duties.

Workers' compensation insurance is mandatory, if the wages paid and agreed to be paid to employees exceed 1,500 euros per year (2025). Employers’ duty to take out insurance is based on the Workers’ Compensation Act.

Workers’ compensation insurance is a form of mandatory insurance for the time spent at work, which protects your employees and their families. In addition to medical treatment expenses, the policy pays out, for example, a per-diem allowance for the period of disability and, in the case of permanent disability, a disability pension.

Being injured at work or getting an occupational disease can lower your employee’s ability to work. Our insurance guarantees the best possible treatment for your employee through our medical partners. We help your employee to get better and return to work with the aim of minimising the costs incurred by your business.

Competitive tendering and transferring of Workers' compensation insurance policies

Has your company taken out Workers' compensation insurance in another insurance company? You can compare insurance prices and request a free estimate of your company's insurance needs.

Workers' compensation insurance can be transferred to another insurance company at any time, but the transfer only enters into force on certain dates. Insurance enters into force three months after the closest transfer date, which is 1 Jan, 1 Apr, 1 Jul and 1 Oct. For example, if the transfer application is made on 15 March, the insurance transfer starts on the next transfer date, that is on 1 April. The actual insurance contract enters into force three months from this date, that is on 1 July.

A prerequisite for the transfer is that the workers' compensation insurance has been valid in the current insurance company for at least a whole calendar year, that is from 1 Jan – to 31 Dec.
 

Workers' compensation pension for the event of permanent incapacity for work

If an employee permanently loses their ability to work due to an accident or occupational disease, insurance covers the workers' compensation pension based on annual earnings:

• Maximum 85% of the annual earnings until the age of 65.
• Thereafter, the pension amount is a maximum of 70% of the annual earnings.

Workers' compensation insurance ensures treatment and rehabilitation for the employee, so that they can return to working life as soon as possible. This also helps minimize costs to the business.

Request an offer, and you will receive a free assessment of your company’s need of Workers' compensation insurance. 

Who is covered by workers’ compensation insurance?

All of your employees and office holders as well as any partners and shareholders who work for your business must be covered by your workers’ compensation insurance policy.

If you are an entrepreneur, you are not required by law to take out occupational accident and occupational disease insurance. If you have a self-employed person’s pension insurance policy, you can insure your operations with Self-employed person's accident insurance.

A family member living with you and working as an employee in your company is covered by the statutory occupational accident and occupational disease insurance. If they are not in an employment relationship, they can take out a Health Insurance policy meant for a private individual.

The obligation to insure concerns not only companies, but also households and private persons, however, only if the wages paid by or agreed for payment by the employer total no more than EUR 1,500 during the calendar year.

What is covered by the employer’s statutory workers' compensation insurance?

The statutory workers’ compensation insurance taken out by the employer for their employees covers accidental injury sustained by an employee at work, on their way to/from work, or in circumstances arising from employment.

The workers' compensation insurance covers, for example

• medical treatment expenses and costs of diagnostic tests
• travel expenses relating to medical treatment
• per-diem allowances for the period of disability
• disability pensions in the event of a permanent disability
• handicap benefits in the event of a permanent injury
• rehabilitation expenses and survivors’ pensions.

The insurance also covers occupational diseases. The most common types of occupational disease are hearing impairment, respiratory allergies, skin and asbestos-related diseases, and strain injuries to the upper limbs.

Extended insurance cover for employees – also covers remote work and leisure time

When work is done remotely instead of at the workplace, the cover of statutory workers' compensation insurance taken out by the employer becomes more limited. Only events directly related to work tasks are compensated under this insurance as loss events. For example, losses incurred during breaks and mealtimes on a remote working day are not usually compensated.

Most employees’ absences are due to illness or injuries sustained outside of work. In order to ensure the fastest recovery time for employees who are injured outside working hours or during remote work, it is worth extending their insurance cover by taking out remote work insurance or leisure-time accident insurance cover, for example.

As an employer, you can extend workers' compensation insurance to also cover leisure-time. There are three optional covers for this:

• Our most extensive leisure-time accident insurance policy covers almost all activities outside of work, including sports and international travel.
• Our limited leisure-time accident insurance policy does not cover injuries sustained in connection with the more high-risk sports, such as football or snowboarding.
• Our non-competitive sports insurance for leisure time only covers injuries sustained in the course of non-competitive sporting events sponsored by the employer.

Alternatively, you can take out Group accident insurance to cover your staff outside of work. To protect against illness, we recommend that you take our Health insurance, which covers, for example, expenses incurred from tests and the treatment of illnesses. You can choose the most suitable package for your staff from our range of options.