The calculator and the quote form below are in Dutch. Prefer to do this in English? Email info@finassverzekert. nl or call 072 - 509 24 56 and we will take it from there.
Work out for yourself what it would cost.
Enter your details; you will receive a proposal within one working day.
We compare the offerings of several insurers
An adviser checks whether the cover suits your situation
A premium indication, not personal advice. Prefer to talk it through? Call 072 - 509 24 56.
In brief
This product group turns on a single obligation: as an employer you continue to pay a sick employee's wages for two years, whether or not there is any turnover to set against it. A sickness absence insurance absorbs those wage costs, a WIA or WGA solution deals with the period after that, and disability insurance does the same for the business owner personally.
Unlike a general insurance policy, the premium here is not a function of a sum insured but of your payroll, absence record and sector. Two firms with identical buildings can pay very different premiums because one does physically demanding work and the other does not.
We set this cover alongside what other insurers offer and look above all at the deferment period, the percentage insured and the occupational health services attached to the policy. For commercial property and liability cover, see non-life insurance.
What does Avéro Achmea – income protection insurance cover?
The structure of the cover in three parts, with an overview per situation below.
Our starting point
Comparing independently
We compare Avéro Achmea with several insurers.
No ties to a single insurer
Advice tailored to your situation
We arrange the switch
What is covered
Situation
Basic
With extension
Permanent disability after an accident
Yes
Yes
Death caused by an accident
Yes
Yes
Incapacity for work due to illness
No
Provided that
Continued payment of wages during sickness absence
No
Provided that
Reintegration and guidance
Provided that
Yes
Complaints that already existed when the policy was taken out
No
No
With accident and income cover, the definition of «accident» or «incapacity for work» determines what is paid out, together with the waiting period, the end age and the occupational profile. A condition that already existed or was known when the policy was taken out is usually excluded; non-disclosure can affect the payout (Articles 7:928 and 7:930 of the Dutch Civil Code).
What we do
What we do
At Finass
Direct with Avéro Achmea
Comparison across several insurers
Yes
No
Advice based on your own situation
Yes
Sometimes
One point of contact for claims
Yes
Sometimes
Cancellation with your current insurer arranged
Yes
No
We determine whether Avéro Achmea is the best choice
Yes
No
Advice fees for you as a customer
No
No
This overview concerns our service, not the cover. What is actually covered is set out in the policy conditions and on the insurer's insurance card (verzekeringskaart); you receive both before you take out cover.
Where things go wrong in practice
Four points that make the difference between a policy that pays out and one that does not.
The deferment period is the main lever
Sickness absence insurance (verzuimverzekering) only pays after a waiting period counted in working days. Short-term absence therefore always comes out of your own pocket. Choosing a longer deferment period cuts the premium considerably, but leaves you carrying flu absence in full. The trade-off is specific to your business: in a small team one long-term absence hits hard, while short-term absence is rare there. Work through both scenarios before you decide.
The Gatekeeper Act: the duty that affects your payout
The Wet verbetering poortwachter (the Dutch Gatekeeper Improvement Act) sets out when you must have a problem analysis, an action plan and a reintegration report in place. Neglect that and the UWV (the Dutch employee insurance agency) can impose a wage sanction, and that extended period of continued pay is covered under virtually no policy. The rules on Article 7:611 of the Dutch Civil Code good employment practice also come into play here: offering suitable work is not an optional effort.
What happens after two years sits on a different policy
Sickness absence insurance stops when the duty to continue paying wages ends. If the employee moves on to WIA benefit, the drop in income is only cushioned by WIA top-up or WGA cover. If you carry the WGA risk yourself, the reintegration duty also stays with you for years. Assess these two products together; taken separately, a gap opens up.
Exclusions: what a sickness absence policy does not solve
Not covered are: wage sanctions imposed by the UWV, maternity leave taken under the Wazo (the Dutch work and care act), absence that already existed when the policy started, and workers who are not on your payroll. If you conceal current absence when applying, the duty of disclosure under Article 7:928 of the Dutch Civil Code applies and the insurer can reduce the payout under Article 7:930 of the Dutch Civil Code.
What does your premium depend on?
Insured payroll. Your total payroll is the basis on which the premium is calculated.
Sector and risk class. Physically demanding work consistently shows higher and longer absence than office work.
Deferment period chosen. The number of waiting days before the insurer starts to pay.
Percentage of salary insured. Whether you insure one hundred per cent or only the statutory part of the continued pay.
Your company's sickness absence history. Your absence rate over recent years weighs heavily in the underwriting.
Occupational health services in the contract. A policy with case management and a company doctor costs more, but usually shortens absence.
Insurers weigh these details differently. That is where your saving is.
How we arrange it
You request a quoteWe take stock of your situation, your risk and your wishes.
We compareseveral insurers, on premium as well as conditions.
You receive a proposalWith an explanation of the differences and the exclusions.
We arrange the switchIncluding cancellation, so there is no gap in cover.
Customers rate our service on four aspects: personal service, service delivery, availability and the outcome. The reviews are collected and published by NH1816 and come from customers who have actually taken out a policy with Finass Advies B.V. or reported a claim.
Does sickness absence insurance also cover my own income as a business owner?
No. Sickness absence insurance reimburses your employees' wage costs. If you are a director and majority shareholder or self-employed, disability insurance is the right product, with its own waiting period, final age and occupational definition. These are two separate policies that run alongside each other, and we compare them separately too.
What happens if the UWV imposes a wage sanction on me?
That extra period of continued pay is almost always at your own expense. A sanction follows from insufficient reintegration effort and is therefore not an unforeseen event. Make sure the steps set out in the Wet verbetering poortwachter are taken on time and can be evidenced. A policy with case management helps, but does not take the duty off your hands.
Do agency workers and self-employed contractors count towards the payroll?
No, only employees on your own payroll are insured. For hired-in workers, continued pay runs through the agency or the contractor themselves. It is still sensible to check that those parties have arranged their own cover, because otherwise absence on a long-running assignment will affect your planning all the same.
Am I obliged to place this with Avéro Achmea?
No. We are not tied to any one company and set this offer alongside that of other income protection insurers. In this product group it is not only the premium that differs, but above all the occupational health services and each provider's assessment approach. If another party turns out to suit your absence profile better, that is what we will advise.
Finass Verzekert is a trading name of Finass Advies B.V. We advise on and arrange non-life insurance on the basis of an objective analysis of several insurers, and receive commission for this from the insurer, which is included in the premium. You pay no separate advice fee. Before you take out cover, we establish your wishes and needs.
You will find our licence, KvK and Kifid details and our complaints procedure at the foot of every page.
