Fully insure your employees against occupational accidents
You have already insured your employees against the financial consequences of occupational accidents under the legally obligatory Occupational Accidents Insurance.
In the case of an ordinary occupational accidents insurance plan, monthly payments are capped at 2630.35 euros. Irrespective of your employees’ real salary. The collective insurance for Occupational Accidents - Complementary Act means you can also insure the income above the capped income.
How does the Securex Collective Insurance for Occupational Accidents work?
You can make your choice from two calculation formulas:
- The equivalent calculation method is based on the legal intervention, and raises it with an additional benefit.
- The annual wages calculation method takes into account the employee’s actual wages and does not take legal stipulations into account.
Below is an example in figures of the equivalent calculation method. Did you opt in favour of annual wages calculation method? Then let’s look at the calculations together.
Example: One of your employees is medically unfit for work due to an accident at work. He makes 50,000 euros on an annual basis.
Is he temporarily unfit for work?
Then the legal protection amounts to a maximum of 2813,56 euros a month. The monthly benefit under the Securex Collective Occupational Accidents Insurance plan is:
(€ 50,000.00 – € 36809,73)/365 x 90% = € 32.52 x 31 days = € 1008,12
This amount will be paid out on top of the legal benefit and thus brings the total for your employee to 3,821.68 euros a month.
Is the employee permanently unfit for work?
Then the legal protection amounts to a maximum of 36809,73 euros. The benefit under the Securex Collective Occupational Accidents Insurance plan is 50,000 euros. What’s more, we will pay this capital immediately.
