Workers Insurance | Yrkesskade

Workers’ Compensation Insurance in Norway — Yrkesskade covers medical costs and lost wages for work-related injuries and illnesses. This policy is required in obligatory for all Businesses that have personel and employees.

When a work-related incident is fatal, workers’ compensation pays death benefits that cover funeral expenses and help support the deceased individual’s family members.

Workers’ compensation insurance covers the cost of immediate care for workplace accidents, such as ambulance rides, emergency room visits, surgical procedures, and other medical bills. Ongoing care, such as medication and physical rehabilitation, is also covered.

Compensation for permanent injury is a lump sum given by permanent disablement, regardless of ability to work and income. Medical disability means permanent damage or injury that does not necessarily reduce working capacity but reduces the quality of life. The degree of disability is determined by the Ministry of Social Affairs disability table. Compensation amounts stated are paid at 100% disability. If the degree of disability less than 100%, compensation is reduced accordingly. A serious injury can prevent an employee from returning to work for days, weeks, or even months. Workers’ compensation benefits cover part of the wages lost while an employee is recovering from a workplace injury or occupational illness.

Lump-sum compensations for work disability. The compensation shall cover future losses of income when the employee no longer has the ability to perform paid work due to total or partial disability. The amount of compensation is determined by income, age and degree of disability. Compensation amounts stated are paid at 100% disability. Payout occurs when the disability is considered to be permanent and by more than 50% disability. If the disability level is lower than 100%, compensation will reduce accordingly.​

Provides up to 10 hours of psychologist assistance. It can be administered to individuals or groups, including the psychological reactions caused by ex—traffic accidents, work accidents, robbery, or other traumatic events for the employee and family.

Death compensation paid to a spouse or cohabitant. If not insured leaves a spouse or partner, compensation is paid to the estate, and normal inheritance rules apply. The child supplement is paid to dependent children under 20 years.

Workers’ Compensation Insurance policies in Norway (Yrkesskade) cost an average of 300-500 NOK per month. This is based on the median cost of workers' comp insurance. Small Business Owners with low risk pay less than 200 NOK per month for this policy. Yrkesskade cost is calculated based on a few risk factors, including: ✓ Number of Employees ✓ Industry and Risk Factors ✓ Coverage Limits ✓ Claims History ✓ Amount of Policies.