The law places a number of obligations on a business as soon as it takes on an employee, including the requirement to take out industrial accident insurance for the whole workforce. Why? If an employee is involved in an accident at work or on the way to or from work, they need to be compensated for medical expenses, loss of earnings, etc. Insurance therefore needs to be in place to protect your business and your employees financially.
What is compulsory industrial accident insurance?
Whom does KBC Industrial Accident Insurance cover?
Accidents in the workplace don’t only involve employees. You also need to make sure your unpaid assistants are covered, which you can do by taking out our accident insurance for unpaid helpers.
What is insured?
KBC Industrial Accident Insurance includes the following compulsory cover:
- The cost of medical care after an industrial accident;
- Compensation if an employee is temporarily unable to work;
- Compensation if an employee is left permanently unable to work following an industrial accident;
- Compensation when others have to provide your employee with assistance;
- Compensation for the employee’s surviving relatives if the employee dies: the funeral expenses, a lifelong annuity for the spouse, and an annuity for the children for as long as they are entitled to child benefit.
What is not insured?
The following principal exclusions apply to KBC Compulsory Industrial Accident Insurance:
- Any material damage. Example: if an employee falls and damages their clothing, the clothing is not insured.
- Non-pecuniary loss;
Guaranteed wage period
You have to continue to pay your employee for the first month following an accident. This amount is then reimbursed by your industrial accident insurer. However, please note that the reimbursement is limited
- to 90% of the basic wage.
- The portion above the statutory wage ceiling for industrial accidents and the employer’s social security contributions are not reimbursed.
KBC Guaranteed Wage Insurance following an Industrial Accident enables you to recover your expenses as an employer.
Limitations of the industrial accident cover
Under the industrial accident cover, reimbursement of medical expenses is limited to the National Sickness and Disability Insurance Institute (RIZIV) rate. Furthermore, all compensation is capped. If you want practically all medical expenses to be covered and compensation to be based on your employees’ full wage, you should consider taking out supplementary industrial accident insurance.
Good to know
- This product is governed by the laws of Belgium.
- The types of cover in this policy apply for a term of one year or three years. The policy will be tacitly renewed on the renewal date for successive terms of the same duration as the initial term that is contracted unless the policy is cancelled no later than three months before the principal renewal date.
- Your intermediary is your first point of contact for any complaints you may have. If no agreement can be reached, you can contact KBC Complaints Management by post at Brusselsesteenweg 100, 3000 Leuven, by e-mail at email@example.com, by telephone on 0800 62084 (freephone number) or 078 152045 (paid number), or by fax on 016 863038. If you cannot find a suitable solution, you can contact the Insurance Ombudsman – which serves the whole industry – by post at de Meeûssquare 35, 1000 Brussels, by e-mail at firstname.lastname@example.org, or through its website at www.ombudsman.as. However, you always retain the right to initiate legal proceedings.
- Contact your KBCinsurance intermediary to request a quotation for compulsory industrial accident insurance under the KBC Commercial Employee Insurance Cover.
KBC Commercial Employee Insurance Cover is a product provided by KBC Insurance NV – Professor Roger Van Overstraetenplein 2 – 3000 Leuven – Belgium. VAT BE 0403.552.563 – RLP Leuven – IBAN BE43 7300 0420 0601 – BIC KREDBEBB. Company licensed by the National Bank of Belgium, De Berlaimontlaan 14, 1000 Brussels, Belgium, for all classes of insurance under code 0014 (Royal Decree of 4 July 1979, Belgian Official Gazette of 14 July 1979).Member of the KBC Group
Group insurance for employees
Do you want to safeguard the future of your company and your staff? Then you need to build up a supplementary pension through a group insurance scheme.
The 'Social' Voluntary Supplementary Pension Scheme for the Self-Employed offers extra cover for later in life. Learn more about the benefits.
Guaranteed Pay (Employees)
When an employee is temporarily unable to work, he or she is still entitled to receive a wage. To cover this cost for you as an employer, you can take out 'Guaranteed Wage' insurance.