Advantages to employees and employers.
Workers' compensation insurance is part of Finnish social security.
It provides cover for all employees and compensation is paid, in accordance with the Employment Accidents Insurance Act, for injuries resulting from an accident at work or an occupational disease.
Statutory workers' compensation insurance
The compensations paid from the statutory workers' compensation insurance take precedence over compensations from other insurance systems.
In Finland, the statutory workers' compensation insurance is administered by private accident insurance companies, such as If P&C Insurance. Consequently, employers in the private and public sector take out insurance from these private accident insurance companies.
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