For overseas-posted, resident and locally-hired workers injured at work, it designs the employer's legal damages liability on an international standard (including 24-hour cover). It supplements the area domestic industrial-accident insurance does not reach.
N2N Insurance Brokerage does not represent any single insurer — it independently represents the client as an FSS-registered broker (Reg. No. 2026-012201). We compare the wordings, rates and service of AIG · Chubb · DB · Hyundai · KB · Meritz to propose the cover and price best suited to your risk. Each insurer's full wording is provided at application and binding.
For overseas-posted, resident and locally-hired workers injured at work, it designs the employer's legal damages liability on an international standard (including 24-hour cover). It supplements the area domestic industrial-accident insurance does not reach.
Off-duty accidents during the posting also covered (endorsement basis).
A global programme reflecting the by-country statutory WC requirement — US, China, Southeast Asia, Middle East.
On a severe accident, home repatriation, treatment, funeral and emergency-medical-evacuation (SOS) costs.
| Policy period | 1 year or posting period |
|---|---|
| Insurers | AIG · Chubb · DB · KB · Meritz · Hyundai (compared) |
| Cover basis | Local WC + Employer's Liability |
| Turnaround | 2–4 weeks (including by-country review) |
| Channel | Individual consultation with our broker (010-5755-6465) |
If the insured event has already occurred at the time the contract is made, the contract is void. However, where the contract is void due to the company's intent or negligence, or where the company knew or could have known of the nullity before acceptance yet did not refund the premium, the company refunds the premium with interest at the policy-loan rate published by the Korea Insurance Development Institute, compounded annually, for the period from the day after payment to the day of refund.
The specific losses not covered (exclusions) are set out in each insurer's policy wording and product description; on this page, see the “Cover” tab(or the “Losses not covered” section) for the main exclusions. For other cover-specific grounds on which claims are not paid, please refer to the policy wording.
The company provides cover, in accordance with the policy, from the time it accepts the application and receives the first premium. Where the company accepts the application after receiving the first premium with it, cover also begins from the time the first premium was received.
The application must be completed by the policyholder, and the policyholder and the insured must sign it by hand. Failure to sign by hand may result in disadvantages regarding the validity of the contract. On an internet cyber-mall, an electronic signature may be used instead.
The policyholder has the right to be given and have explained the information needed about the product they wish to buy.
The insurer and N2N Insurance Brokerage must explain the important matters of the product to ordinary financial consumers.
When applying, the policyholder, the insured or their agent must disclose truthfully the facts they know regarding the questions in the application (including the questionnaire). Otherwise the claim may be declined or the contract cancelled. Where insurance is taken out by telephone or other means of communication, the duty is performed by answering the seller's questions, which are recorded, without a separate written questionnaire, so answers must be given with particular care.
If, after the contract is made, any of the following arises in respect of the subject-matter insured, the policyholder or the insured must notify the company in writing without delay and obtain endorsement on the policy.
The surrender value is the amount paid if the contract is cancelled early. Unlike bank savings, insurance combines risk protection and savings: part of the premium is paid out as claims to other policyholders who suffer accidents, and part covers the insurer's operating expenses, so the surrender value on early cancellation may be less than the premiums paid, or nil.
Under Article 59-4(1) of the Income Tax Act (special tax credit), for protection-type insurance taken out by an employee only, a tax credit of 12% of the premium paid (capped at KRW 1 million per year) is available. Tax matters may change with amendment or repeal of the relevant tax law.
Except as provided by law, the insurer and N2N Insurance Brokerage do not collect, use, inspect or provide personal data related to this contract — for its conclusion, maintenance and claim payment — without the consent of the policyholder, the insured or the beneficiary. However, for those purposes the insurer may, with the consent of the policyholder and the insured and in accordance with law, provide personal data to other insurers and insurance-related bodies.
The above is a summary and excerpt of the policy wording; for grounds on which claims are not paid and other details, please refer to the policy wording and product description.
Risk patterns that come up often in overseas work — a five-scenario self-check
Staff working abroad cannot be adequately handled by domestic industrial-accident insurance alone.
Overseas manufacturing/construction sites face by-country statutory WC requirements.
Off-duty accidents during the posting are handled by 24-hour cover.
On a severe accident, home repatriation and emergency-medical-evacuation (SOS) costs are large.
On a high-risk-country posting, terrorism/war/political-instability injury needs a separate option.
The starting point of overseas workers' accident insurance is that domestic industrial-accident insurance alone cannot adequately handle an overseas-work accident. This insurance is designed to the by-country statutory WC (Local WC) and the US/European Employer's Liability form, adding several overseas-specific covers — 24-hour cover handling even off-duty accidents during the posting, home repatriation/treatment/funeral and emergency-medical-evacuation (SOS) costs on a severe accident, and a terrorism/war injury option on a high-risk-country posting. As the statutory WC requirement differs by posting country, a global-programme design matched to the countries entered is key.
Source: (General industry example)
The wording and structure points decision-makers most often overlook
Domestic industrial-accident insurance cannot adequately handle an overseas-work accident. Overseas staff need a separate overseas workers'-accident design.
The statutory WC (Local WC) requirement differs by posting country — US, China, Southeast Asia, Middle East. Design it as a global programme matched to the countries entered.
On a severe accident, home repatriation and emergency-medical-evacuation (SOS) costs, and the terrorism/war risk of a high-risk country, are handled by separate cover/options. Check against the posting environment.
The questions decision-makers ask most when considering overseas workers' accident liability insurance
When employees or dispatched staff working abroad suffer an occupational accident, it covers bodily disability, death, medical costs and consolation money to the by-country statutory workers' compensation (Local WC) and the Employer's Liability form.
Domestic industrial-accident insurance alone cannot adequately handle an accident during overseas work. Staff working abroad need a separate overseas workers'-accident design matched to the host-country requirements.
Overseas workers' accident is often designed on a 24-hour cover principle handling even off-duty accidents during the posting. Check the wording/endorsement criteria.
A design covering the home-country repatriation, treatment and funeral costs and the emergency-medical-evacuation (SOS) cost on a severe accident is usual. Check it is included.
On a high-risk-country posting, terrorism/war/political-instability injury can be added by a separate endorsement/option. Review it against the posting environment.
The insurer assesses it on the posting country and sector, the number and work risk of posted staff, the cover scope (24-hour, repatriation, terrorism) and limit, and past accident history. The exact premium and acceptance are confirmed after underwriting by insurers such as AIG, Chubb, DB, KB, Meritz and Hyundai.
