Customer story: Fysio Team Langeveld saves around €9,600 a year on sickness absence premiums
Fysio Team Langeveld had been with the same insurer for their sick pay insurance for a long time. And to be honest: that’s quite common. If the practice is running smoothly and the cover has been properly set up, there’s little reason to scrutinise the policy anew every year. Especially not when, as a practice owner, you’re mainly focused on patients, staff and scheduling.
Nevertheless, Mike Kerr, the contact person at Fysio Team Langeveld, decided to check whether they might be paying too much without realising it. The sick leave insurance had an excess of 30 working days, with a premium rate of 5.25% of the total wage bill, offering 100% cover in the first year and 70% in the second. Employer’s contributions were not included in the cover. The cover itself was fine, but the premium now felt higher than necessary.
“We want to save money, but we don’t want to compromise on anything”
Mike’s question was clear: saving money is appealing, but not if it means you’re suddenly less well insured or end up with a higher excess. That uncertainty often leads companies to stick with what they have because “at least then we know where we stand”.
That’s why we’ve designed the premium check at Verzekerverzuim.nl in a way that many customers find appealing: we take the existing situation as our starting point and see if we can get a better deal based on the same cover.
Premium comparison based on the same cover and the same excess
At Fysio Team Langeveld, we haven’t ‘embellished’ anything. We’ve looked at exactly the same terms and conditions, including the 30-working-day excess.
Based on that, we were able to offer a premium rate of 3.01% instead of 5.25%.
That may sound like a small difference, but with absence insurance it works just like interest: a few percentage points make a huge difference when it comes to the total payroll.
The result: savings of around 43% and a reduction in premiums of €9,600 per year
And that is exactly why it’s worth checking your premiums: not because you’ve always got something wrong, but because you sometimes end up paying for years as if you had no alternative, when you could actually get the same cover for much less.
Why this happens so often
We see this quite often with practices and SMEs in the region: they started off well with an insurer, the policy has never really been a problem, and as a result, the premium hasn’t been scrutinised for years. Until someone actually does the maths.
And then it turns out that there’s often a lot to be gained, without having to compromise on anything. Find out how much your business can save! Click the button below and request a no-obligation quote!
