Stop Loss absenteeism insurance
The stop-loss absenteeism insurance works with a deductible in money: your own retention. You pay the absenteeism costs yourself up to this amount, above which the insurer will reimburse. Ideal for larger companies (25-250 employees) that want maximum control over their absenteeism budget.
💰 Features Stop-Loss
What is a Stop-Loss Absence Insurance?
A stop-loss absenteeism insurance (also disaster insurance or Deductible in money mentioned) protects your business against unexpectedly high absenteeism costs. Instead of a deductible in days, this insurance works with a deductible euros.
It is checked annually whether your total absenteeism costs are as determined in advance own preservation exceed. Just the part above this amount is reimbursed by the insurer.
Why Stop Loss?
The stop-loss insurance is ideal for this larger employers which is sufficient financial reserves have to bear regular absenteeism themselves, but want to protect themselves against unexpected peaks.
You know in advance the maximum amount you spend on absenteeism costs per year. Especially suitable for companies with a stable, predictable absenteeism rate due to the law of large numbers.
💰 How is Own Retention Calculated?
Your retention is based on your average absenteeism percentage over the last 3 years.
Self-retention formula
Example Small
Wage sum €2.5 million × 4% absenteeism
Example Means
Wage sum €5 million × 4% absenteeism
Example Large
Wage sum €10 million × 4% absenteeism
Stop Loss in 4 Steps
This is how the annual settlement of the stop-loss absenteeism insurance works.
You Pay Absence Costs
You continue to pay wages to sick employees throughout the year, as required by law.
Auditor's report
At the end of the year, your accountant will provide an overview of all wages paid during illness.
Insurer Calculates
The insurer compares your total absenteeism costs with the personal retention (predetermined amount).
Benefit Above Maintenance
The insurer will only pay out the difference if the costs are higher than the deductible.
Stop-Loss vs Conventional vs Unburdened
Which absenteeism insurance suits your situation?
Benefits of Stop-Loss Insurance
Lower premium
Often the lowest premium because you bear more of the risk yourself. 0.8% - 2.5% of wage bill.
Maximum control
You know in advance exactly what the maximum amount you will spend in absenteeism costs per year.
Disaster cover
Protection against unexpected peaks that occur once every 7-10 years.
Walk-in risk covered
Existing absenteeism upon transfer is also insured. Easy switching from another insurer.
Own Direction
You remain in control of absenteeism policy and choice of occupational health and safety service.
Due to the law of large numbers: more stable absenteeism rate, predictable costs.
Employer's charges included
Optionally insure employer contributions up to 25% of the salary.
Tax Deductible
The premium is fully tax deductible as a business expense.
Please note: Stop-Loss points of interest
Exit risk not covered: If you cancel, you will no longer be covered, not even for ongoing illnesses.
Auditor's report required: An annual statement from your accountant regarding continued wages.
Payment afterwards: You will only receive benefits after the calendar year, not monthly.
Cash flow needed: You must have sufficient reserves to continue paying wages throughout the year.
Self-retention increases with high absenteeism: Absenteeism figures for 3 years determine your own retention.
Adjust administration: Wages paid during illness must be registered separately.
Is Stop-Loss Right for You?
The stop-loss absenteeism insurance suits these employers.
Larger SME (25-50 employees)
You have sufficient staff for a stable absenteeism rate and reserves to cover regular absenteeism.
Medium Business (50-250)
The law of large numbers ensures predictable absenteeism. Stop-loss offers the lowest premium.
Financially Healthy Companies
You have enough cash flow to get through the year and just want protection against disasters.
Covered and Not Covered
Know what your stop-loss absenteeism insurance does and does not cover.
✓ Well covered
- ✓ Default costs in excess of self-retention
- ✓ All employees up to state pension age
- ✓ Walk-in risk (existing absenteeism upon transfer)
- ✓ Up to 104 weeks of continued salary payment
- ✓ Employer's charges (optional, up to 25%)
- ✓ Coverage percentage 70-100%
- ✓ Partially disabled (working part)
- ✓ Employees recovered for 4 weeks
- ✓ Maximum €125,000 per employee
- ✓ Unlimited beyond self-preservation
✗ Not Covered
- ✗ Absence costs at your own expense
- ✗ Exit risk (after cancellation)
- ✗ Illness upon entry into employment (existing)
- ✗ Recovered less than 4 weeks at onset
- ✗ Directors and cooperating partners
- ✗ Temporary workers and self-employed people
- ✗ Intentionally caused disease
- ✗ Insufficient cooperation in reintegration
- ✗ Disability after 2 years (WIA)
- ✗ Maternity leave
Why Choose Us?
Stop Loss Specialist
Extensive experience with stop-loss insurance for larger companies.
Own Conservation Calculation
We calculate the optimal retention for your situation.
We compare stop-loss, conventional and worry-free for you.
Lowest Premiums
Group discount and competitive rates based on volume.
7 Occupational health services
Choose from several national occupational health and safety service providers.
Assistance with the annual accountant's report.
100% Independent
We compare all absenteeism insurers for the best deal.
50+ Years of Expertise
More than 50 years of experience in business insurance.
Frequently Asked Questions
Compare Stop-Loss Absence Insurance
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