Workman‘s Compensation Insurance
Those who employ people are, according to collective agreements, required to insure their employees against accidents. That is why we offer Workman’s Compensation Insurance.
The advantage of this insurance is that it adapts to the provisions of different collective agreements, allowing companies in various industries to purchase the version that suits their obligations.
Information regarding the insurance
What type of insurance is this?
Workman‘s Compensation Insurance pays compensation according to collective agreements for accidents suffered by an employee at work or while traveling between their home and workplace. Some collective agreements stipulate that the insurance is also valid during leisure time.
What is covered? | What is not covered? |
|---|---|
| The insurance covers: | The insurance does not cover: |
Death by accident. | Accidents caused by physical fights. |
Temporary incapacity for work due to an accident. | Accidents caused by consumption of addictive substances. |
Any limitations on what the insurance covers?
The insurance does not cover accidents caused directly or indirectly by disease.
Where is the insurance valid?
The insurance policy is valid anywhere in the world.
What responsibilities do I have?
You must report any damage as soon as possible and no later than one year from the date of the damage.
You must ensure that all the information in the insurance policy is accurate.
You must inform us of any changes in your address, telephone number, and email address.
You must follow all the precautions in the terms of the insurance policy.
When and how do I pay the premium?
The premium must be paid on the due date. When the insurance policy is issued or renewed an electronic claim is created in your online bank. You have the option to distribute the premium payments by:
Credit card payment, where the premium is charged monthly to a credit or debit card.
Direct payment, where your bank account is debited monthly.
Corporate distribution, where the premium can be paid in monthly payments.
When does the insurance start and when does it end?
The insurance policy takes effect when an offer is accepted and is renewed annually until it is canceled.
How do I cancel the insurance?
Individuals and companies with fewer than five full-time positions can cancel the insurance at any time and it will expire at the end of the following month after the cancellation is received. Other companies can cancel their insurance one month in advance before the end of the insurance period.
The cancellation must be in writing, for example with an electronic signature.