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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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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.

Please note that, in the context of remote work, our workers’ compensation insurance only covers work-related activities, and any accidents that occur during breaks or meals are not covered. To extend the cover, you can choose remote worker’s insurance or broader leisure-time accident insurance.

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. 

How much does workers' compensation insurance cost?

The price of occupational accident insurance, or the insurance premium, is intrinsically based on the occupational groups of the employees and on the sums of wages and salaries paid for these groups. The total payroll is used to measure the amount of work, and the occupational groups describe the risk of occupational accidents and diseases in that line of work.

In the smallest companies, their own accidents usually have no direct impact on the insurance premium of occupational accident insurance because the occupational risk used to calculate the premium is based on national claims statistics. For bigger employers, their own claims statistics are taken into consideration when determining the premium of workers' compensation insurance.

Example prices

Example prices of occupational accidents and diseases insurance with an annual salary of 20,000 euros. All prices are annual prices.

Barber/hairdresser: 440 euros
Cosmetologist: 460 euros
App developer: 110 euros
Carpenter: 1,040 euros
Logger and forest worker: 1290 euros
General secretary: 110 euros
Shop assistant: 170 euros

When is workers' compensation insurance mandatory?

Workers' compensation insurance is mandatory, if the wages paid and agreed to be paid to employees exceed 1,500 euros per year (2025). This concerns both businesses and households as employers.

Who does workers' compensation insurance cover?

The scope of insurance covers:

All employees in an employment or public service relationship
Partners and ja shareholders, if they work in the company
Employee hired by a household, if the wages exceed 1,500 euros/year
Family members who have an employment relationship with the company

Entrepreneurs are not covered by statutory workers' compensation insurance, but they can take out a separate Self-employed persons’ accident insurance policy.

What does workers’ compensation insurance cover?

The insurance covers, for example:

Medical treatment and examination costs
Per diem allowances for the period of incapacity for work
Workers' compensation pension in the event of permanent incapacity for work
Rehabilitation costs
Handicap benefit in the event of permanent disability
Survivors' pension and funeral grant
Treatment of occupational diseases

When does a household need workers' compensation insurance?

If your household pays more than 1,500 euros per year as wages to an employee, you must take out workers' compensation and occupational disease insurance. This concerns childminders, home cleaners and employees hired for renovation work, for example.

Read more: Household as an employer

In what situations is the insurance valid?

Workers' compensation insurance covers accidents:

At the workplace and work site
On business trips
On business trips carried out at the employer's order
In remote work, only for activities directly related to work duties

Is workers' compensation insurance valid in remote work?

The insurance policy covers accidents that take place in remote work, but only for activities directly related to work duties. Accidents during breaks or eating are usually not covered without a separate remote workers' insurance policy.

Read more: Remote workers' insurance

Can the insurance be extended to leisure time?

Yes. The employer can take out supplementary insurance such as:

Remote Workers' Insurance – covers accidents in remote work
Leisure-time Accident Insurance – additional cover outside working hours
Health Insurance – covers medical treatment and examination expenses caused by illnesses
Corporate Travel Insurance – covers accidents and sudden illness on work trips

What is the difference between occupational disease and occupational accident?

An occupational accident is a sudden and unforeseeable event. An occupational disease, in turn, develops over a long period of time, and is caused by regular exposure to adverse factors present at work. For example, a respiratory disease caused by dust at the workplace or through the handling of chemicals is an occupational disease.

Do the company's own claims affect the insurance premium?

In the case of large companies, claims history can affect the premiums. The premiums of small businesses are based on the general risk level of the industry, and individual claims do not affect the price.

Is occupational safety work considered in the insurance premium?

The premiums of larger companies can be affected by occupational safety work and claims statistics. In the pricing of small businesses, occupational safety is considered based on occupational safety surveys.

How to report occupational accidents?

Occupational accidents are reported via the Pohjola Claims Service. Employers and employees can report online, and if necessary, our experts will help in filling in the claim application.

Request an offer for workers' compensation insurance 

Our experts at Pohjola Insurance have an extensive understanding of the sector and can provide more information about insurance policies that suit your company’s needs. Request an offer, and we will get in touch with you soon! 

Group Life Insurance - cover for employees and next of kin

Employees' group life insurance is administered together with workers' compensation insurance.

Read more about Employees' Group Life Insurance

Pohjola Risk Management Service improves safety at work

As an occupational accident and occupational disease insurance policyholder, you get free access to Pohjola Risk Management Service for your entire staff. The Risk Management Service is a handy, digital risk management tool that, if used consistently, improves occupational safety, efficiency and the sharing of information.

Every injury, accident and non-conformance causes additional expenses and disruptions. Investing in day-to-day workplace management and learning from mistakes saves money and ensures safe working conditions.

Pohjola Risk Management Service

Supplementing an occupational accident report

To report additional information and expenses, you need the claim code from your employer.

You can report additional information on a claim using any of the methods listed below:

by logging onto op.fi‍ using your online bank identifiers. Find the claim on which you want to report additional information from the list of claims.
in the Claims Service‍ using your online bank identifiers.
With the direct link to report a claim, if your company uses the direct link service. See your company’s Intranet for instructions.