What is the meaning of WIA insurance?
You may have heard of WIA insurance. WIA stands for Work Income according to Labour Capacity Act. This is the law for disability. 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. As an employer, you can take out additional WIA insurance for more financial security for your employee. In this article on Alpina.nl , we will tell you more about the meaning of WIA insurance and how to take out this insurance.
WIA, WGA and IVA: what is it exactly?
The WIA consists of two types of benefits: the WGA (Work resumption of partial disability) and the IVA (Inkomensvoorziening Volledig Arbeidsongeschiktten). Employees receive WGA benefits if they have been sick for 2 years or more and are between 35% and 80% incapacitated for work. Even if your employee is more than 80% incapacitated for work, but with a chance of recovery, he will receive a WGA benefit. An IVA benefit is for employees who are completely and permanently disabled. In this case, the employee can hardly work, if at all, and there is a very small chance of recovery. This usually involves a percentage of disability of 80%.
What is WIA insurance?
If your employee ends up in the WIA after two years of disability, the UWV will give them a statutory WIA benefit. 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.
What are the benefits of WIA insurance?
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
Get an instant quote for WIA insurance on Alpina.nl!
Purchasing WIA insurance doesn't have to take much time at all. The first step is to request a quote. For this we need some information about your organization and your staff. This way we can offer you an accurate quote. You can then compare the offer yourself on price and content. So you will immediately see what you will spend on insurance premiums each month. Do you have any questions about WIA insurance or about the quotation? Please contact us!
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