Collective Agreement Life and Accident Insurance 

The insured events described in the policy are only insured if they occur within the insured period as also explicitly set out in the policy, in accordance with the collective bargaining agreement to which your company is subject. The duration of the cover will depend on the guarantees you have arranged, and always taking into account the coverages, limits and exclusions contained in the contractual documentation of the contracted policy:

• 24 hours a day

  The policy covers any injury or loss that the Insured sustains at any time of day (24-hour coverage), including non-working days.

• Occupational

  The policy covers any accidents that the Insured may suffer exclusively when carrying on their normal work or trade on behalf of the Policyholder, including any accidents that the worker may suffer when going to or returning from the workplace, otherwise known as “in itinere” occupational accidents.

  Accidents will qualify as in itinere occupational accidents when they are classified as an occupational accident by the Social Security, the competent labour authority or the competent jurisdictional bodies, by virtue of a final decision or judgement.

  When the Insured is temporarily away from their usual place of residence for work-related reasons, they shall be considered to be covered against these events from the time they begin their journey and thereafter for 24 hours a day while this situation persists.

• Non-occupational

  Non-work-related accidents, i.e. those that occur in the private life of the Insured, are likewise covered. If this cover is arranged, accidents that occur while the Insured travels from their home to their place of work and from there back to their home (classified as in itinere accidents) are not considered non-occupational, as they are covered as an occupational accident.

If the collective bargaining agreement to which your company is subject does not require you to take out group insurance, we can offer you a more basic product, consisting of cover for death due to accident and absolute permanent disability due to accident, effective 24 hours a day and with a sum insured of €30,000, thus ensuring that your employees are covered for basic accidents. 

An accident is where the Insured sustains bodily injury due to a violent, sudden and external cause beyond their control, which produces, within a period of 18 months, Absolute Permanent Disability, Total Permanent Disability, Partial Permanent Disability, Major Disability or Death of the Insured¹. 

The following will also qualify as accidents for insurance purposes: 

• Asphyxiation caused by gases or vapours, by immersion or submersion, or by ingestion of liquid or solid matter, whether or not of foodstuffs, though excluding deliberate poisoning.
• Infections that are a direct product of an accident.
• Infections resulting from surgery or medical treatment due to an accident.
• Traumatic diaphragmatic hernias and/or diaphragmatic ruptures, or post-surgical ruptures originating from an accident covered by the Policy.
• All other types of hernias due to other causes are excluded.
• The consequences of any action involving legitimate self-defence or the defence of others. Accidents that occur while sleepwalking or as a result of fainting.
• Myocardial infarction, provided that it is considered an occupational accident by the competent labour authority.

To ensure full protection for your employees in accordance with their collective bargaining agreement, with a more basic policy available for those collective agreements that do not insist on specific coverage. We are also flexible when it comes to age, with all types of cover available up to the age of 67, and with death cover available up to the age of 70. We also offer digital servicing, with our team of specialised agents on hand for anything you may need. Discounts and promotions are also available on our products and services.

You will be insured for the degree of cover required under the collective agreement and your policy will be automatically updated as and when the collective agreement changes. Moreover, no proportional rules will be applied when paying indemnities in the event that the number of employees is not up to date as at date of claim (provided they are named on the company’s list of employees at time of claim) as we will adjust the number accordingly at that time. This is not offered elsewhere and makes for a much simpler process.

We cannot insure self-employed workers with no employees. To arrange insurance for a collective bargaining agreement (especially when it is compulsory), you must have a company structure, or be self-employed with employees. Moreover, in the event that your business activity does not make it compulsory to take out this insurance, we offer you (to provide greater protection for your employees) our Group Accident insurance product policy, which comes with standard cover of €30,000 in the event of death due to accident and absolute permanent invalidity caused by accident. 

No. At present, the insurance only covers companies with annual turnover or revenue of below 50 million euros. If you do earn more, we can pass you on to another team who will be happy to find a solution for you. 

Our product is designed for exactly this. You can take out a single policy to insure all your employees (national employees only), whether or not they are required to be insured under their collective bargaining agreement and regardless of the province they are from, and all under the same risk group.