Should I purchase WIA insurance or not?
If one of your employees becomes disabled, as an employer you are obliged to continue paying wages for the first two years. If the employee is still disabled after two years, he or she will receive WIA benefits through the UWV. As an employer, you can take out WIA insurance for your employees. WIA insurance is a supplement to the WIA benefit that your employee receives if he or she is unfit for work. It protects your employees against financial problems due to a significant drop in income. Are you unsure about whether or not to take out WIA insurance? In this article on Alpina.nl we tell you more about (the benefits of) taking out WIA insurance.
Is WIA insurance mandatory?
WIA insurance is not mandatory insurance. It is a voluntary insurance that you as an employer can take out for your employees to give them extra financial security. You can offer WIA insurance collectively to your employees. Your employees then decide for themselves whether or not they want to participate in the insurance. With WIA insurance, your employees will receive a supplement to the statutory WIA benefit at the moment they are disabled for more than 2 years. Please note that although the insurance is not required by law, some collective bargaining agreements stipulate that WIA insurance must still be taken out.
Why do take out WIA insurance?
If WIA insurance is not mandatory, why would you buy it anyway? WIA insurance is a good fringe benefit for your staff. It is a supplement to the statutory WIA benefit. With this insurance, you provide an additional financial safety net for your employees. It is therefore seen as a sign of being a good employer.
WIA insurance benefits
If you are still in doubt about whether to take out WIA insurance, it is a good idea to take a look at the pros and cons of such insurance for your company. Both for you as an employer and for your employee, WIA insurance has several advantages:
- Your employee's income is supplemented depending on the type of benefit
- The insurer offers assistance in reintegrating your employee
- WIA insurance contributes to the financial well-being of your employees
- WIA insurance is a good fringe benefit for your employees and is known as a sign of being a good employer
- WIA insurance premium is tax deductible
- The benefit is value based
To take out WIA insurance or not? Get a quote first on Alpina.nl!
At Alpina.nl , you can request a no-obligation quote for WIA insurance. To give you an accurate quote, we need some information about your organization and employees. You will then receive an overview of providers with suitable insurance. You can then compare them on price and content.
Do you have any questions about the quote or about taking out WIA insurance? If so, please be sure to contact us!
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