Accident Insurance for Employees
This information document only specifies the main aspects of the insurance, such as what is included and what is not. It is not an exhaustive list or a personal overview of the insurance that customers choose. The information document has no legal significance and is intended solely to inform customers about the main aspects of the insurance. The insurance summary and detailed information on the applicable contract terms are available on the insurance policy, which can be accessed on Vörður’s My Pages. The terms and conditions of the insurance contain comprehensive information about the insurance coverage and are a part of the agreement between the parties together with the insurance certificate.
What type of insurance is Accident Insurance for Employees ?
Accident Insurance for Employees is an insurance policy for employers that ensures the collective agreement–based rights of their employees. It pays compensation to the insured if they suffer an accident while performing work for the employer and while traveling by the normal route from home to the workplace and from the workplace to home. The insurance also applies during leisure time if this is stipulated in collective agreements. The scope of coverage and the types of benefits provided are described in more detail in the individual collective agreements.
What Is Covered?
Permanent medical disability after an accident.
Temporary loss of work capacity due to an accident, as provided for in the collective wage agreement.
Death benefits if the accident leads to death.
Tooth injury due to an accident, as provided for in the collective wage agreement.
Support leave due to domestic violence.
What Is Not Covered?
Accidents that occur in competitions or during training sessions in preparation for any kind of sports competition.
Accidents that occur during boxing, any form of wrestling, driving sports, hang gliding, flying a glider, parachuting, and bungee jumping.
Accidents that occur during flights that are neither commercial nor charter flights.
Injuries that the insured incurs during a fist fight or participation in illegal activities.
Accidents that occur due to sunbathing, medical treatment, surgical procedures, or use of medicinal products, unless on the advice of a physician due to an accident subject to compensation.
Accidents or illnesses caused by the intent or gross negligence of the insured.
Accidents caused by food poisoning, alcohol poisoning, or the consumption of illegal drugs or stimulants.
Accidents resulting from toxic gases, unless these have occurred without warning and against the will of the insured.
Accidents the insured suffers while working for someone other than the policyholder.
Tooth fractures resulting from a work accident, when the insured is eating.
Accidents involving the use of a motor vehicle subject to registration, unless otherwise stated in the policy certificate or in a collective agreement.
Are There Any Restrictions or Precautionary Rules?
The insured is required to comply with Vörður's precautionary rules.
The insured must familiarize themselves with the terms and conditions of the insurance policy.
Additional limitations may be specified in the employee’s collective agreement.
Where is the insurance valid?
The insurance is valid within the European Economic Area and for up to six months outside it. Further details on the scope of coverage can be found in the insurance policy terms.
What Are The Insured's Obligations?
Answer all questions from Vörður related to risk assessment truthfully and honestly.
Provide all necessary information, whether during renewal, changes to the insurance, or when reporting a claim.
Report any claim at the first opportunity and no later than one year from the date of the incident.
Take steps to prevent or minimize damage. The insured is required to comply with the company's instructions aimed at limiting the damage.
Any change in the occupation of the policyholder/insured must be reported to the company without delay.
When and how is the insurance paid for?
The insurance premium must be paid on the due date. Upon renewal, the annual premium is adjusted in accordance with changes in the index from the base index of the agreement. Vörður sends payment claims monthly to online banking services, or annually if the policyholder prefers to pay the premium in a single installment. It is possible to change the payment method via Vörður's online service, “My Pages.” There, policyholders can also choose to pay premiums using a credit card.
When does insurance coverage begin and how does it end?
Insurance contracts are generally valid for 12 months from the date of acceptance of the offer and issuance of the insurance, and premiums are based on the annual premium. If the insurance is not terminated within that period, it is automatically extended.
How Is The Insurance Terminated?
The insurance can be terminated at any time during the insurance period. Premiums must be paid for the period during which the company has provided coverage.