Workers Compensation Insurance
What a Workers Compensation Insurance
It is a public system where the government provides benefits on behalf of the employer in case of injury, illness, death (work-related injuries) that arise by a work performed by workers, or in the case of accidents in the middle of commuting (commuting injuries).
Basically, a company that hires even one worker must apply for this, and the insurance fee will be borne by the business owner altogether.
The premium rate for Workers Compensation Insurance varies depending on the industry.
For the Workers Compensation Insurance rate table, please refer to the following.
Calculation method of Workers Compensation Insurance premium(example)
Occupational accident insurance premium ＝ total wage(monthly) × occupational accident insurance premium rate
Food manufacturing industry,when monthly income is 200,000yen
Occupational accident insurance premium = 200,000yen × 0.6 % = 1,200yen ⇒ full company burden