The most extensive occupational accidents insurance policy
Did your customer insure all his employees against the financial consequences of occupational accidents? Then he or she has already complied with his legal duties as an employer.
But in the case of an ordinary occupational accidents insurance plan, monthly payments are capped at 2,630.35 euros. Irrespective of your employees’ real salary. With the Securex Collective Insurance against Occupational Accidents, your customer can avoid all the nasty consequences of this income cap. So his employees will not have to suffer financially as a result of an occupational accident.
How does the Securex Collective Insurance for Occupational Accidents work?
We use 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. Does your customer opt in favour of the annual wages calculation method? Then we will gladly make the calculations together with him or her.
Example: One of your employees is medically unfit for work. He earns 50,000 euros on an annual basis.
Is he temporarily unfit for work?
Then the legal protection amounts to a maximum of 2,630.35 euros a month. The monthly benefit under the Securex Collective Occupational Accidents Insurance plan is:
(€ 50,000.00 – € 34,411.60 x 90%)/365 = € 38.44 x 31 days = € 1,191.64
This amount will be paid out on top of the legal benefit and thus brings the total for the employee to 3,821.99 euros a month.
Is the employee permanently unfit for work?
Then the legal protection amounts to a maximum of 34,411.60 euros. The benefit under the Securex Collective Occupational Accidents Insurance plan is 50,000 euros. What’s more, we will pay this capital immediately.
Did the employee die as a result of the occupational accident?
Then the surviving spouse will receive 4,676.52 euros on top of the legal interest for occupational accidents amounting to 10,323.48 euros. This capital will also be paid immediately.
