How is the premium of WGA gap insurance determined?
WGA gap insurance is also known as WGA gap insurance or WGA supplement insurance. As an employer, you can take out WGA gap insurance to minimize loss of income for your employees in case of long-term disability. This gives your employees more financial security when they become disabled and are unable to work for a longer period of time. A WGA gap insurance is therefore seen as a good fringe benefit and a sign of good leadership. However, taking out WGA gap insurance is not mandatory. So you choose whether or not to take out such insurance. Wondering what you will pay in premiums for WGA gap insurance? At Alpina.nl we explain how the cost of WGA insurance is calculated.
Premium determinants
When calculating the premium for WGA gap insurance, an insurer gets to look at a number of factors, such as:
- The type of business you have
- The age of your employees
- Your employees' wages
- The number of workers who have been previously disabled
Based on this information, the insurer determines the amount of the premium. Therefore, the insurance premium is different for each organization.
WGA gap insurance premium is tax deductible
The premium for WGA gap insurance depends on several factors. However, WGA gap insurance does not have to be expensive at all. The premium of a WGA gap insurance is tax deductible from income tax. Do you want to offer WGA gap insurance but can't afford it? Then you can also choose to deduct (part of) the premium from your employee's salary.
Get an instant quote for WGA gap insurance on Alpina.nl!
Curious about the premium of a WGA gap insurance for your employees? Then request a quote without obligation at Alpina.nl. Based on a number of details about your organization and employees, we can give you an accurate quote. The quote will give you an indication of the insurance premium. You can then compare the offer yourself on price and content.
Do you still have questions about taking out WGA gap insurance? Then be sure to contact us! Our insurance specialists will be happy to help you. You can call us Monday to Friday from 8 a.m. to 6 p.m. at 088 - 688 3712. Asking a question via chat, WhatsApp or Messenger is also possible.
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