Self-insurance

Ways of insuring

There are 2 ways in which you as an employer can insure yourself for the financial risk of the Sickness Benefits Act and/or WGA, namely;

• Public (through the UWV)
• Private (as self-insured)

To become self-insurer or not?

It is wise to be well informed about which choice best suits the financial situation of your organization and subsequently how you can minimize the damage burden caused by the absent (former) employee. The choice of whether or not to carry the risk on your own account is primarily a strategic choice, in which claims management by limiting the inflow and duration of WGA benefits and/or sickness benefits plays an important role. It is important to map out the impact of self-insurance on your organization and what management measures you as an employer can best take. This requires an actuarial analysis to identify all current and future (financial) risks.

How should I make a choice as an employer?

In conclusion, it is not an easy choice to become self-insurer or not. It strongly depends on the financial situation of your organization. Moreover, making the choice requires specific knowledge and skills to apply social laws and regulations. To help you make this choice, we have developed a white paper, which provides more information on the difference between public and private insurance and the possible consequences.

Resolu can help you on your way by providing you with optimum support in this selection process. Together, we will map out the pros and cons of self-insurance and the impact of the choice on your organization.

In addition to providing advice on whether or not you are self-insured, Resolu can take on the entire supervision of your (former) employees, so that you no longer have to worry about your (former) employee.

What can help me make my choice? 

The choice whether or not to become self-insurer is not an easy consideration and thus depends on the financial situation of your organization. Moreover, making this choice requires specific knowledge and skills to apply social laws and regulations. To get you started in making this choice, we have developed a white paper, in which you can read more about the difference between public and private insurance and the possible consequences.