Sick Pay Insurance
If one or more of your employee's get long-term sick, we cover the difference between what is paid by NAV and the employee's salary. This provides extra security for both the company and the employee.
This is covered by Sick Pay Insurance
Sick pay insurance covers employees' salaries above 6G in the period of illness, up to 365 days, minus the waiting period of 16, 30, 60, 90 or 180 days (deductible).
What is Sick Pay Insurance?
Sick pay insurance is most applicable to small and medium enterprises, where prolonged sick leave by a few persons may threaten the ability to pay sick pay from business operations.
Coverage in Workers' Compensation Insurance
The insurance shall cover the individual's salary after deduction of 6G (G all times). The term "wages" shall be defined in the policy. Payment will be made after the expiry of the agreed waiting period. Compensation is paid to the policyholder (employer) according to the medical certificate degree of sick leave.
Sick pay insurance can be purchased by businesses with fewer than three employees, where one employee salaries exceed 6G. Sick pay insurance covers all employees who earn more than 6G.