WIA insurance

WIA stands for Work and Income according to Labour Capacity Act. This is the disability law. The moment your employee has been disabled for more than 2 years, the employer's mandatory wage payment stops. In that case, your employee falls under the WIA. He will then receive WIA benefits from the UWV. The WIA consists of two types of benefits: the WGA (Work resumption of partial disability) and the IVA (Income provision for full disability). The employee receives a WGA benefit if he is more than 35% incapacitated for work and an IVA benefit if he is completely and permanently incapacitated for work.

If your employee ends up in the WIA after two years of salary continuation, he will receive statutory WIA benefits from the UWV. As an employer, you can also take out WIA insurance for your employees. WIA insurance is a supplement to the WIA benefit your employee receives in the event of long-term disability. By taking out WIA insurance, you actually provide an additional financial safety net for your staff.

No, taking out WIA insurance is not required by law. As an employer, you can decide whether or not to offer WIA insurance to your staff. You can offer WIA insurance collectively. Your employees can then decide for themselves whether or not they want to participate in the insurance. However, there are some collective bargaining agreements that state that it is mandatory to take out WIA insurance. Even if taking out WIA insurance is not mandatory according to your collective bargaining agreement, it still has a number of advantages. We discuss these in more detail below.

The cost of WIA insurance depends on a number of factors, including:

• The type of business you have
• The age of your employees
• Your employees' wages
• The number of workers who have been previously disabled

These factors, among others, determine the amount of the premium for WIA insurance.

The premium you pay depends on several factors. WIA insurance does not have to be expensive. If you want to offer the insurance but are unable to pay for it, you can choose to deduct (part of) the premium from the employee's salary. It is also good to know that the premium of a WIA insurance is tax deductible from the income tax. Thus, the insurance can be more advantageous than you might think.

With WIA insurance, you reduce the risk of financial problems for your employee. With WIA insurance, your employee receives a supplement to the legally required WIA benefit. Depending on the type of benefit, the employee's income is supplemented in the event of long-term disability. Therefore, WIA insurance is a good fringe benefit. It allows your employee to take time to get better (if possible) without worrying about paying the bills. It is much seen as a sign of good employment practice.

Taking out WIA insurance has several advantages. Both for you as an employer and for your employees:

• 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

WIA is the law for employee disability. The WIA consists of the WGA and the IVA. WGA stands for Work Resumption of Partially Disabled Workers. If an employee is more than 35% incapacitated for work, he faces the WGA. The WGA gap is the loss of income that can occur when an employee is on long-term disability.

WIA insurance provides a supplement to the statutory WIA benefit. This is both on the WGA and IVA benefit. A WGA gap insurance only provides a supplement to a statutory WGA benefit, i.e. in case of partial disability. With a WGA gap insurance your employee will not receive a supplement to the IVA benefit.

At Alpina.nl , you can request a no-obligation quote for WIA insurance. Based on a number of details about your organization, we can give you an accurate quote. Do you have any questions about taking out WIA insurance? Then be sure to contact us! Our insurance specialists will be happy to help you.

As an intermediary, we are not part of any insurance company. This means that we have no financial or production obligations to the companies we work with. When comparing insurance, we consider your personal situation and specific wishes regarding coverage. Alpina makes insurance clear and fast.

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