Disability at work can happen to anyone, so it is essential that we know how to protect ourselves against it.
Again, they are the self-employed are most disadvantagedThe difference in pensions between employees and the self-employed in the event of incapacity is very high.
Let's see why it is important to take out good insurance to complement!
Differences in occupational disability pensions between the self-employed and employees
As we have already advanced, there is a There is a big difference between what an employee would receive in the event of incapacity and what a self-employed person would receive in the event of incapacity.
Let us assume that a worker suffers a permanent disability. If he/she were employed, he/she would receive, on average, about 1,187 euros per month. On the other hand, if they were self-employed, they would receive an average of 842 euros per month. In other words, 330 euros less.
What types of incapacity are recognised by Social Security?
There are 5 types of incapacity for work recognised in the Social Security system:
- Temporary incapacity: is when the worker suffers an accident or illness. It is possible to return to work within a shorter or shorter period of time.
- Partial incapacity: does not completely prevent work, but it reduces the performance to 33% permanently.
- Total permanent disability: the worker can no longer carry out his or her usual occupation, but can work in a different job.
- Absolute permanent disability: the difference with the previous one is that it completely prevents from carrying out the usual profession and any other profession.
- Major disability: in this case, not only is the worker unable to carry out any professional work, but he/she also needs the assistance of another person for day-to-day tasks (eating, driving, dressing, etc.).
Types of insurance covering these disabilities
These are the insurances that would cover a sick leave due to incapacity for work:
- Subsidy insurance: allows you to receive payments from an insurance company in addition to those received from social security.
- Accident insurance: these insurances cover all types of partial disability and sometimes also total and absolute disability.
- Life insurance: cover total and absolute incapacity.
Why life insurance?
A life insurance will cover even incapacity caused by illness. Not only those caused by an accident.
In addition, if you need to take sick leave due to incapacity for work, you will be sure to receive a high level of benefit. In many cases, the benefits offered by the Social Security system are very low. Especially for the self-employed.
When taking out a life insurance policy, there are a few things to bear in mind:
- That the company is financially sound.
- Make a contract appropriate to your financial situation.
- Find out what cover you need according to your profession
Are you still unsure whether to take out insurance to cover you for possible incapacity for work? We we help and advise you so that you can choose the one that best suits your situation.
Do not hesitate to call or write to us and we will be happy to help you.
