Workers' Compensation insurance for companies in Finland

Workers' Compensation Insurance for Employees

Workers' Compensation Insurance is a compulsory insurance that employers must take out for their employees. It covers work-related accidents, commuting accidents, and occupational diseases. The insurance is mandatory when annual wages for all employees in total exceed €1,500 (2024).

Who is covered?

Employees in employment and public-service employment relationships
Individuals in managerial positions receiving remuneration (non-entrepreneurs)
Individuals working in Finland, regardless of age

Covers, among other things:

Medical treatment costs
Compensation for loss of earnings
Rehabilitation
Disability allowance for permanent disability
Funeral assistance

If Spot On workers' compensation insurance

If ‘Spot On’ is a carefree, transparently priced workers' compensation insurance. With it, employees receive prompt medical care, and there are no unexpected costs for the company. We are also here to support you in improving workplace safety.

Insurance Coverage
"Medical treatment costs" refer to the expenses related to healthcare provided to an employee due to a work-related accident or occupational disease. These costs may include items such as hospital care day fees, doctor's fees, and medications.	Included
Compensation for loss of earnings includes daily allowance, accident pension, and rehabilitation allowance. Daily allowance is paid for a maximum of one year from the accident. Rehabilitation allowance is paid during vocational rehabilitation. If the incapacity persists one year after the accident, the employee is entitled to receive an accident pension. The amount of compensation for loss of earnings is determined based on the work earnings received by the employer who took out the insurance.	Included
Rehabilitation aims to reintegrate the employee into the workforce. Methods may include, for example, medical rehabilitation, education, job coaching, or support in the form of loans and assistance for business or vocational activities.	Included
The amount of disability allowance is determined based on medical grounds according to the regulation on the disability classification specified in the Government Decree on the Classification of Disabilities for Occupational Accidents and Occupational Diseases, in accordance with the basic amount stipulated in the Workers’ Compensation Act. Disability allowance is paid as a lump sum when the disability class is 1–5. Compensation for injuries falling into disability classes 6–20 is paid as a continuous allowance.	Included
Survivors' pension is a benefit granted to the dependents of a deceased employee due to an accident or occupational disease, provided as a widow's pension, orphan's pension, or both.	Included
Employee Pages is an online platform where employees can access information about the insurance policies provided by their employer. Here, employees can learn how to utilize the insurance in case of damage. This service is available to If's insurance customers without additional costs.	Included

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In Case of Occupational Accident or Disease

Ensure the continuity of your business with statutory accident insurance.

An occupational accident is often an unexpected and sudden event caused by external factors, resulting in an employee's injury.

An occupational accident can happen at the workplace or on its premises, during the commute to or from work, or during work-related trips and errands.

With Workers' Compensation, you provide security for your employees in the event of both occupational accidents and occupational diseases.

An occupational disease refers to an illness primarily caused by physical, chemical, or biological factors present in the workplace. Typical factors causing occupational diseases include noise, vibrations, dust, chemicals, or gases.

In case of death

The Employees’ Group Life Assurance is an insurance policy taken out by the employer for their employees. It is based on labor agreements and is taken out alongside the Workers' Compensation Insurance.

When is Workers’ Compensation Insurance mandatory?

Questions and Answers about Workers' Compensation

When is Workers' Compensation mandatory?

It is the employer's obligation to take out Workers' Compensation for all employees in an employment relationship when the salaries paid and agreed upon during the calendar year total more than 1,500 euros (2024). The sum is not per employee but the cumulative amount for the employer.

Please note that the obligation to provide coverage applies not only to businesses but also to households and private individuals acting as employers.

Who must be covered by Workers' Compensation?

Workers' Compensation is a statutory insurance. Generally, it covers all employees in an employment or public-service relationship to the employer. The obligation to provide coverage applies also to households and private individuals when they act as employers.

Where and when is the Workers' Compensation Insurance valid?

Workers' Compensation is valid while working, within the workplace premises, and under conditions specified by law, even outside the workplace premises as regulated. Commuting to work and other travel related to work tasks are also covered by the insurance.

Workers' Compensation is also valid for remote work. However, there are limitations on the compensability of damages that employers and employees are often uncertain about. Workers' Compensation covers only activities directly related to work during remote work. Gaps in Workers' Compensation can be supplemented with optional insurance:

With the Employee Leisure Time Accident Insurance, aligned with the Workers’ Compensation Act, employers can easily extend coverage also to employees' leisure time.
Gaps specifically related to remote work can be supplemented with optional Remote Work Insurance.

Workers' Compensation Insurance does not cover work performed for non-remunerative purposes. Such work can be insured against accidents with optional accident insurance.

I have hired an employee. How should I inform If?

When you have hired your first employee:

You can easily notify us about the new employee online or by contacting customer service. To establish the workers' compensation insurance, we need:

The start date of the employment relationship
An estimate of the annual payroll
The occupational class of the employee

Please note that the insurance will take effect at the earliest from the moment we receive notification of the matter.

When you have hired a new employee:

New employees are automatically covered by the existing workers' compensation insurance. You don't need to separately report new employees unless you want to adjust the advance insurance premium to the correct level. Information about new employees will be taken into account when determining the final insurance premium.

If you wish, you can report the new advance payroll and occupational class to us online.

What are Incomes Registry and payroll information?

We retrieve payroll information (earnings payment data) from the Incomes Register whenever it is available. We will send a payroll declaration (earnings payment data report) to be filled out only when necessary.

Please make sure that the information stored in the Incomes Register is accurate. By doing so, you also ensure the correctness of the final insurance premium.

Read more about the Incomes Register on the Tax Administration's website.

If you receive a payroll declaration to fill out, please return it completed by the deadline specified in the declaration.

How do I report an occupational accident?

You can find instructions and report an occupational accident or disease, as well as apply for compensation on the claims pages.

Workers' Compensation Insurance Product Description (PDF)

Let's discuss Workers' Compensation

Start a quote online or call us to talk to our insurance advisors. We will help you cover your business and employees.

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