Illness or disability can have significant financial consequences for both you and your employees. Additionally, when an employee is absent due to illness, you will encounter various (governmental) agencies and obligations.
We assess the risks and potential consequences for both parties. Based on this assessment, you can make an informed decision about which risks you want to assume and which should be insured.
A clear, step-by-step guide from designing a customized disability package to its implementation.
The payout in a group disability insurance is typically determined based on the employee’s income. Often, a percentage of the income is paid out if the employee is declared disabled according to the terms of the insurance.
In most cases, the employer pays the premium for the group disability insurance. Sometimes, a portion of the premium may also be paid by the employees.
A group disability insurance is an insurance policy taken out by an employer for their employees to replace income in case they become disabled and are unable to work.
Group disability insurance is not mandatory. However, it may be required by certain industries or collective labor agreements (CLAs) for employers to offer such insurance to their employees.
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