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Cover financial risks with (sick) absenteeism insurance.

Research shows that a sick employee costs you an average of € 250 per day. As an employer, you are obliged to continue to pay your sick employee a large part of the wages for a maximum of two years. Then there are the costs for reintegration. A (sick) absenteeism insurance can offer a solution.

Cover financial risks

With absenteeism insurance you cover the financial risk of continued payment of wages. If you combine this insurance with built-in cover for occupational health and safety services, absenteeism counseling will also be taken off your hands. The necessary reintegration costs are therefore often reimbursed.

Absenteeism insurance premium

The premium is expressed as a percentage of the total wage bill of the staff. Among other things, the business sector and the composition of the workforce are considered. The absenteeism figures for the past three years also influence the amount of the insurance premium.

Customization

In general it is desirable to have the cover in line with the agreements made in the collective labor agreement or the employment contract. But you don’t have to. Your organization may be able to absorb part of the risk itself, so that the insurance premium can also remain low. When determining the deductible period, you can choose ten working days, but also for example 130 or even 260 working days. The coverage of the insured wage bill can also vary from 70% to 100% in the first and / or the second year of insurance. Your advisor can determine the most suitable coverage and conditions at the best possible premium for your organization.

Knowing more?

Would you like to know more about an insurance solution for continued payment of wages during illness? Our income and pension advisers are happy to help you. Contact us via telephone number 070-7522837 or send us an email to: info@chaterfinance.nl