Temporary disability insurance for independent professionals
As an independent professional, you know how important it is to be able to continue working. Your income is directly linked to your efforts. But what if you are temporarily unable to work due to illness or an accident? You don't want to end up in financial trouble right away. That's where temporary disability insurance comes in, a smart solution that protects you against temporary loss of income. But how exactly does this insurance work, what are the benefits, and is it mandatory? We explain it all in this article.
What is temporary disability insurance?
Temporary disability insurance (formerly known as SiCC) is a group insurance policy for independent entrepreneurs. If you become ill or are (temporarily) unable to work due to an accident, you will receive a monthly benefit for a fixed period. This prevents you from being left without an income and gives you the space you need to recover.
This insurance is accessible, affordable, and specifically tailored to independent professionals. You do not need to undergo a medical examination, and you are insured for up to 24 months, which is sufficient to cover most temporary absences.
Why is temporary disability insurance important for independent professionals?
As an independent professional, you are not automatically insured in the event of illness. You do not receive continued payment of wages and are not covered by the Sickness Benefits Act. As a result, you are fully responsible for your own income. Temporary disability insurance ensures that you do not immediately run into financial problems if you are temporarily unable to work
Whether you work in healthcare, technology, creative fields, or consulting, a temporary interruption of your work can happen to anyone. With this insurance, you can avoid financial stress, maintain control of your situation, and do business with greater peace of mind and security.
What is and isn't covered?
Covered:
- Temporary incapacity for work due to illness or accident
- A monthly benefit for up to 24 months
- Medical and practical support during recovery
- No prior medical examination required
Not covered:
- Incapacity for work due to intent or known complaints at the start of the policy
- Situations that arise outside the term of the insurance
- Permanent or long-term incapacity for work (the cover is temporary)
- Pregnancy (not covered)
Is temporary incapacity insurance compulsory?
No, this insurance is not legally compulsory. However, it is increasingly being requested in more and more sectors and by more and more clients, especially as part of professional risk management.Even if it is not mandatory, it can be wise to take out this insurance. A broken arm or prolonged bout of flu can mean weeks without income. This insurance covers that risk and prevents your private assets from being jeopardized. It also shows that you are a professional entrepreneur, something that clients appreciate.
Doing business with certainty
At Striive, we believe that you as a self-employed person should be able to do business without worries. Therefore, through our platform you can not only find challenging assignments, but also make use of our Striive Professionals Services. With these services you can tick off in one go all the practical matters that you would like to have taken care of. Appropriate and flexible for your assignment. Just like you.
Want to know more about how you, as a zzp'er, can be properly insured on your way? Feel free to contact us or check out our services.