Should I or shouldn't I get WIA insurance?
If one of your employees becomes unable to work, you, as the employer, are required to continue paying their wages for the first two years. If the employee is still unable to work after two years, they will receive WIA benefits through the UWV. As an employer, you can purchase WIA insurance for your employees.
WIA insurance supplements the WIA benefit your employee receives if he or she is unable to work. This way, you protect your employees from financial difficulties caused by a significant drop in income. Are you unsure whether or not to purchase WIA insurance? In this article on Alpina.nl, we’ll tell you more about (the benefits of) purchasing WIA insurance.
Is WIA insurance mandatory?
WIA insurance is not mandatory. It is a voluntary insurance plan that you, as an employer, can purchase for 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. Please note that although this insurance is not required by law, some collective bargaining agreements stipulate that WIA insurance must be purchased.
Why should you get WIA insurance?
If WIA insurance isn’t mandatory, why would you take it out anyway? WIA insurance is a valuable employee benefit for your staff. It supplements the statutory WIA benefits. With this insurance, you provide an extra financial safety net for your employees. It is therefore seen as a sign of good employment practices.
Benefits of WIA Insurance
If you are still unsure about whether or not to take out WIA insurance, it’s a good idea to consider the pros and cons of such insurance for your business. WIA insurance offers several benefits for both you, as the employer, and your employees:
- Your employee's income will be supplemented, depending on the type of benefit
- The insurer offers assistance with your employee's return to work
- WIA insurance contributes to the financial well-being of your employees
- WIA insurance is a valuable employee benefit for your employees and is recognized as a sign of good employment practices
- The premium for WIA insurance is tax-deductible
- The benefit is index-linked
Should you get WIA insurance or not? Start by requesting a quote at Alpina.nl!
On Alpina.nl, you can request a no-obligationquotefor WIA insurance. To provide you with an accurate quote, we need some information about your organization and employees. You will then receive a list of providers offering suitable insurance plans. You can then compare these plans yourself based on price and coverage.
Do you have any questions about the quote or about taking out WIA insurance? Please feel free tocontactus!
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