Voluntary Accident Insurances

There is no statutory requirement for the accident insurance for self-employed persons in the way there is for employees. A self-employed person’s voluntary accident insurance corresponds with the statutory accident insurance for employees in respect of its contents. A self-employed person, practitioner of a profession and their family members may through a voluntary accident insurance gain an insurance security corresponding to that of the statutory accident insurance for employees.

The voluntary accident insurance covers accidents, occupational illnesses and injuries taking place at the place of work or during leisure time. The compensation depends on the insurance conditions and accident insurance legislation.

The insurance fee and insurance cover of accident insurances is based on the YEL income from work. Annual income is determined on the same grounds as in YEL [2.10.2.4 YEL-Income]. The dangerous nature of the self-employed person’s work also affects the amount of the fee.

The accident insurance fee may be deducted from business income as an expense. Daily allowances and pensions paid under accident insurances are taxable income.