Income insurance
As a freelancer, your income depends entirely on your ability to work. But what happens if you’re forced to stop due to illness or an accident? Unlike employees, you don’t have employer-provided sick pay. That’s where income protection insurance comes in — it ensures financial continuity when life takes an unexpected turn.
What is income protection insurance?
Income protection insurance* offers a replacement income if you’re unable to work due to medical reasons. After a waiting period, you receive a monthly benefit to help cover personal or business expenses. (*in Dutch: gewaarborgd inkomen)
Do you have a company? Then you can also get a revenue insurance.
Why is it important for freelancers?
Social security for the self-employed in Belgium provides only limited compensation when you’re sick or injured. That amount is often far from enough to maintain your lifestyle or keep your business running. Income protection insurance helps fill that gap.
What does it cover?
• Loss of income due to illness or an accident
• Long-term work disability
• Monthly benefits after a chosen waiting period
• Optional coverage for temporary work disability or specific illnesses
• Possibility to insure a fixed amount or a percentage of your earnings
Is it expensive?
Premiums depend on your age, occupation, chosen benefit level and waiting period. But for many freelancers, it’s a small price to pay for long-term peace of mind and financial security.
Interested in protecting your income? Reach out to us and we’ll gladly help you find a tailored solution.