Is WIA insurance mandatory?

One type of insurance you can purchase is WIA insurance. You can purchase WIA insurance to minimize your employees’ loss of income as much as possible in the event of long-term disability. As an employer, you are not required to purchase WIA insurance, but it does offer a number of benefits. In this article on Alpina.nl, we’ll tell you more about WIA insurance.

The WIA consists of two types of benefits: the WGA (Return to Work Scheme for Partially Disabled Persons) and the IVA (Income Support for Fully Disabled Persons). An employee receives a WGA benefit if he has been sick for 2 years or longer and is between 35% and 80% incapacitated for work, or an IVA benefit if he is fully and permanently incapacitated for work.

As an employer, you can also purchase WIA insurance for your employees. WIA insurance supplements the WIA benefits your employee receives in the event of long-term disability. By purchasing WIA insurance, you are essentially providing an additional financial safety net for your staff.

WIA Insurance Isn't Mandatory—So Why Get It Anyway?

Taking out WIA insurance is not mandatory. It is a voluntary insurance plan that you, as an employer, can offer your employees to provide them with additional financial security. You can offer WIA insurance to your employees as a group plan. Your employees then decide for themselves whether or not they want to participate in the plan. With WIA insurance, your employee receives a supplement to the statutory WIA benefit if they are unable to work for more than 2 years.

Some collective bargaining agreements do stipulate that WIA insurance must be purchased. Even if WIA insurance is not mandatory under your collective bargaining agreement, there are plenty of reasons for you, as an employer, to purchase it anyway. WIA insurance supplements the statutory WIA benefits. By purchasing this insurance, you provide a financial safety net for your employees should they become unable to work for an extended period. Furthermore, WIA insurance is an attractive employee benefit. It is widely viewed as a sign of good employment practices.

Take out WIA insurance right away through Alpina

At Alpina.nl, you can request a no-obligation quote for WIA insurance. That way, you’ll know right away how much your premium will be. To provide an accurate quote, we just need some information about your organization and your employees.

Do you have questions about requesting a quote or purchasing WIA insurance? Please feel free to contactus! Our insurance specialists will be happy to help you with any questions you may have.