As an employer, do I need to purchase WGA gap insurance?
As a business owner and employer, you are responsible for obtaining various insurance policies for your business. Not every insurance is mandatory. Thus, you must decide which insurances are important for your business. One of the insurances you can consider is the WGA gap insurance.
WGA gap insurance is also known as WGA gap insurance or WGA supplement insurance. You can take out WGA gap insurance to minimize your employees' loss of income in the event of long-term disability.
As an employer, am I required to purchase WGA gap insurance?
No, as an employer you are not obliged to take out WGA gap insurance. However, it is wise to consider such an insurance. A WGA gap insurance gives your employees more financial security at the moment they become disabled and are unable to work for a longer period of time. You can offer WGA gap insurance collectively to your employees. Your employees then decide for themselves whether or not they want to participate in the insurance. Although WGA gap insurance is not required by law, some collective bargaining agreements stipulate that such insurance must be taken out. Therefore, check your collective bargaining agreement.
Why take out WGA gap insurance as an employer?
As an employer, you are not required to take out WGA gap insurance. So why should you do so anyway? Although it is not mandatory insurance, WGA gap insurance has several advantages. It supplements the statutory WIA benefits. With WGA gap insurance, you give your employees more financial security. Moreover, it is an attractive fringe benefit. It is widely seen as a sign of being a good employer.
Below we list the benefits of WGA gap insurance for your:
- WGA gap insurance supplements the WGA gap until state pension age
- The insurer provides assistance in reintegrating the employee
- Insurance contributes to the financial well-being of your employees
- WGA gap insurance premium is tax deductible
- The benefit is value based
Request a no-obligation quote on Alpina.nl!
Wondering what WGA gap insurance costs for your organization? On Alpina.nl you can request a no-obligation quote. Based on a number of details, we can give you an accurate quote. Do you have any questions about a WGA gap insurance? Then please contact us! Our insurance specialists will be happy to help you.
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