How can I calculate the premium for absence insurance?

Before you purchase sick leave insurance, you naturally want to know how much the premium will be. However, the premium for sick leave insurance varies from one organization to another. This is because many factors influence the premium amount. At Alpina.nl , we Alpina.nl you how to calculate the premium for your sick leave insurance.

The percentage depends on various factors:

• The composition of your staff (age, number of part-timers, etc.)
• The sector or industry in which you work
• Absenteeism rates for the past 3 years

Sample premium absence insurance

The premium rate is determined by the insurer based on the factors listed above. To give you an example, let’s assume a premium rate of 2.5%. We’ll use €170,000 as the company’s total gross payroll. The calculation is as follows:

€170,000 × 0.0250 = €4,250 per year

Premiums lower than the costs of sick employees

The costs associated with an employee on sick leave can add up significantly. You’re not only responsible for continued pay, but also for the costs of temporary staff, lost revenue, absence mediation, and return-to-work support. All of these expenses combined can amount to a substantial sum. On average, a single sick employee costs €250 to €300 per day. If multiple employees are on long-term sick leave at the same time, your expenses will rise significantly. The premium for absenteeism insurance may seem steep, but compared to the costs of sick employees, it will save you a lot of money.

Request a quote through Alpina and get your bonus!

Are you curious about exactly how much the premium for absence insurance will cost your company? Request a quote right away at Alpina.nl. To provide you with an accurate quote, we’ll need some information about your company and your staff. Based on this information, we’ll send you a quote that includes various insurance options. This makes it easy for you to compare premiums on your own. Do you have any questions? Please don’t hesitate to contact us!