Workers’ compensation insurance
Occupational accident and occupational disease insurance covers your employees in the event of accidents that happen at work or on the way to or from work.
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Leave a contact requestMandatory for employers
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Workers' compensation insurance – statutory cover for employees and employers
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.
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.
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?
Statutory workers' compensation insurance covers accidents that take place during work duties.
| Compensation | Included |
|---|---|
| Medical treatment and examination costs |
Yes |
| Travel expenses relating to medical treatment |
Yes |
| Per diem allowances for the period of incapacity for work |
Yes |
| Workers' compensation pension in the event of permanent incapacity for work |
Yes |
| Handicap benefit in the event of permanent disability. |
Yes |
| Rehabilitation costs |
Yes |
| Survivors' pension and funeral grant |
Yes |
| Treatment of occupational diseases (hearing impairment, respiratory allergies, skin and asbestos-related diseases, and strain injuries) |
Yes |
The handicap benefit is paid one year after the accident at the earliest or after the status of the handicap has stabilised.
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.
Extended insurance cover for employees – also covers remote work and leisure time
As an employer, you can extend insurance cover to remote work, leisure time, travel and the treatment of diseases.
Expandable
- For remote work
- Remote Workers' Insurance
- For leisure time
- Leisure-time Accident Insurance
- For business trips
- Corporate Travel Insurance
- For illness and examination expenses
- Health Insurance
- For recreational sports
-
complement with Non-competitive Sports Insurance
Through these additional covers, you can ensure comprehensive insurance cover for your employees in all situations.
Price examples of workers' compensation insurance
All price examples are estimates of the prices of workers' compensation insurance. For detailed prices of insurance for your company, contact Pohjola Insurance's experts.
