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. Leisure-time accident insurance can be linked to workers’ compensation insurance. 

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 employees and office holders as well as generally any partners and shareholders who work for your business are covered by the mandatory workers’ compensation insurance policy. The obligation to insure has no age limits – all employees in an employment relationship are covered by the insurance.

In addition to medical treatment expenses, the employee policy pays out, for example, a per-diem allowance for the period of disability, a handicap benefit and, in the case of permanent disability, a worker’s compensation pension. The amount of disability pension is determined by annual earnings.

During the first four weeks, the daily allowance amount equals the sick pay paid to the employee. The compensation is paid to the employer if they have paid the salary. If sick pay has not been paid, the daily allowance amount is determined by salary information preceding the occupational accident.

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.

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.

The amount of workers' compensation pension is up to 85 per cent of annual earnings until the recipient turns 65 years of age. After this, the workers’ compensation pension is up to 70 per cent of 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.