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Current Location >> Corporate Banking>> Insurance>> Employees Protection>> Employees Compensation Insurance

Employees' Compensation Insurance lets you fulfill the legal liability of being an employer

Under the Employees' Compensation Ordinance of the Laws of Hong Kong Special Administrative Region, it is compulsory for all employers to affect a valid Employees' Compensation Insurance so as to ensure that their employees can obtain compensation in the event of bodily injury or death arising out of and in the course of the employment. Employees' Compensation Insurance will give you a peace of mind and provide you with the protection required under the Ordinance for you and your employees.


  • Comprehensive coverage, including compensation of the benefits according to the Ordinance such as medical expenses, loss of wages, permanent disablement and death benefit etc.
  • In addition, if the employee is injured as a result of the employer's negligence, it will indemnify the employer against his or her common law liability up to the statutory limit required under the Ordinance. The maximum limit can be up to HK$200,000,000.


Based on the type of business, job nature of the employees and the total annual earnings of the employees.

Insurance Authority Premium Levy

Pursuant to the Insurance (Levy) Order and Insurance (Levy) Regulation, Insurance Companies will collect IA Premium Levy on insurance premiums from your insurance policies effecting from 1-Jan-2020 onwards. This is the legal obligation of policyholders to pay a levy when premium is paid. The levy will be collected by Insurance Companies and then remit to Insurance Authority as required by the law.

Details of levy can be referred to table below. For further information, please visit Insurance Authority Official Web

Policy Inception Date and/or Annual Anniversary Date Applicable Levy Rate Cap Per General Insurance Policy Per Policy Year (HK$)
From 1 Apr 2021 onwards
(date inclusive)
0.10% 5,000

Governing Law of Policy: Hong Kong Special Administrative Law

For enquiries, please visit any of our outlets or call our customer services hotline.

  1. The above information is supplied by China BOCOM Insurance Co., Ltd. and is for reference only. Please refer to the full wording of the policy provisions published by China BOCOM Insurance Co., Ltd. for detailed terms & conditions and exclusions.
  2. The insurance plan is underwritten by China BOCOM Insurance Co., Ltd. which is authorized by the Insurance Authority to provide general insurance business. Bank of Communications (Hong Kong) Limited is an appointed insurance agent of China BOCOM Insurance Co., Ltd. 

Underwritten By

China BOCOM Insurance Co., Ltd.

Please visit the website of China BOCOM Insurance Co., Ltd. ( for more information about the China BOCOM Insurance Co., Ltd. or download the form which is applicable to this insurance plan.


Important Notice:
Bank of Communications (Hong Kong) Limited (the “Bank”) distributes the product for China BOCOM Insurance Co., Ltd. The insurance plan is a product of China BOCOM Insurance Co., Ltd. but not the Bank. In respect of an eligible dispute (as defined in the Terms of Reference for the Financial Dispute Resolution Centre in relation to the Financial Dispute Resolution Scheme) arising between the Bank and the customer out of the selling process or processing of the related transaction, the Bank is required to enter into a Financial Dispute Resolution Scheme process with the customer.

Customer Service

Customer Service Hotline: 226 99388

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