Employee Compensation Insurance

Get the right insurance to protect your company from in the event of accidents and injuries at work. 

Get a full market comparison from Hong Kong’s leading Employee Compensation Insurers.

"The insurer had an unfortunate mishap when processing the claims for my team. The i-Brokers team were all over it and resolved it quickly and efficiently! Great customer service, much recommended! 

MD. D Cheung

Very helpful! Spoke to a woman who was very friendly and helpful in getting me the right insurance for me and all of my employees.
Very happy to recommend them to anyone looking for Corporate insurance.

Mrs. Chan

I tried to find insurance myself directly through a number of comparison sites and really struggled. I-Brokers offered transparent advice and consultancy. After a short back and forth regarding my requirements, I was set up within the day. Highly Recommended!

Mr. Kin Wo

Employee Compensation Insurance

Employee Compensation Insurance

Employee compensation insurance, or workers’ compensation insurance, is a vital safety net that protects both employees and employers in the event of workplace injuries or illnesses. This insurance is designed to cover medical expenses, lost wages, and rehabilitation costs, ensuring that employees are adequately cared for without imposing undue financial burdens on the business.

What are the benefits of Employee Compensation Insurance?

For employees, this insurance provides a sense of security, knowing that they are covered in case of accidents on the job. In the unfortunate event of an injury, they can focus on recovery without worrying about mounting medical bills or financial stability.

Employers benefit as well. By having the right employee compensation insurance in place, businesses can avoid costly lawsuits resulting from workplace injuries. The insurance coverage ensures that even if an accident occurs, the financial impact is manageable and doesn’t threaten the company’s stability.

Insurance Coverage

What kind of coverage does Employee Compensation Insurance offer?

One size doesn’t fit all when it comes to employee compensation insurance. Every business has unique risks, and insurance providers offer customizable policies to cater to these individual needs. From high-risk industries like construction to less hazardous sectors like IT, the coverage can be tailored accordingly.

How is the Claims Process for Employee Compensation Insurance?

When an accident occurs, promptly reporting the incident to the insurer is crucial. This step initiates the claims process, ensuring that the injured party receives timely and appropriate care. Moreover, a swift claims process minimizes disruptions to business operations, contributing to overall efficiency.

What are features of a comprehensive Employee Compensation policy?

A robust employee compensation insurance policy includes coverage for medical expenses, disability benefits, rehabilitation costs, and even death benefits in the unfortunate event of a fatal accident. It ensures that employees are taken care of, no matter the extent of their injuries.


What factors influence premiums of Employee Compensation Insurance?

Several factors influence the cost of employee compensation insurance premiums, including the industry’s risk level, the company’s history of claims, the number of employees, and safety measures implemented.

Frequently Asked Questions (FAQ)

Employee compensation insurance generally covers injuries or illnesses that are directly related to work activities. Pre-existing conditions might be considered if they are aggravated or exacerbated due to work-related activities.

No, it is illegal to terminate an employee solely because they have filed a compensation claim. Such an action would be considered retaliation, and there are legal protections in place to prevent it.

Employers can implement safety training programs, enforce safety protocols, conduct regular safety audits, and encourage open communication regarding potential hazards. These efforts can contribute to preventing workplace injuries and reducing insurance premiums.

Yes, coverage can extend to mental health conditions resulting from workplace stress or trauma.

Employee compensation insurance covers a wide range of injuries, including physical injuries from accidents, repetitive motion injuries, and occupational illnesses caused by workplace conditions.

The benefits offered by employee compensation insurance include coverage for medical expenses, a portion of lost wages during recovery, rehabilitation costs, and even compensation for permanent disabilities.

Generally, independent contractors are not covered by employee compensation insurance.

Employees’ Compensation Ordinance formalizes the legal requirements of employers to protect their employees. With their stringent requirements, they ensure that employers fulfill their duty to protect their workforce. From mandatory insurance to creating safer workplaces, this ordinance is a cornerstone of employee welfare. Compliance isn’t just an option; it’s an imperative.

If you don’t carry Employees’ Compensation insurance that satisfies the legal requirements of the EC Ordinance, you can face fines of up to HK$100,000 and imprisonment of up to two (2) years. This is a very serious offence and you should always ensure you have adequate employees’ compensation insurance in Hong Kong.

We are proud to be a licensed and regulated member of the Insurance Authority and strictly follow their guidelines and rules to ensure that we not only provide the best advice but also advice that is the most up to date and compliant.

We know that your information is important to you, so we keep extra secure levels of security and controls on our site to ensure that your data is protected.

The feedback from our customers has always been something that has been important to us and helps us learn, grow and ensure that we continue to offer an excellent service.