Insurance and sickness benefit
Posted in Finance, business on October 15th, 2009 by Admin – Comments Off
No matter how careful you are with the maintenance, the unexpected happens: It starts to burn, a pipe burst and caused flooding in the basement, you’ll find strange insects in the wood or is exposed to burglars. Then it is important that you have appropriate insurance!
Before starting the company, you should look over and get reviewed your insurance coverage. It applies to both virsomheten and for yourself.
Do you run a sole proprietorship, you will not initially have the same rights to various social security benefits as a person who is employed in an enterprise. It is therefore important to assess whether it is necessary to extend the protection that various insurance can give you and your business.
As a self-employed (sole proprietorship), you have no right to sickness benefit for the first 16 days you are sick. If you feel this is too risky, you can take out insurance in the State. For further information, please contact NAV. There are different options for coverage. Here you can choose the model that suits your finances better.
It is also worth noting that if you cease to self-employed, you are only entitled to unemployment benefits if you have income over a certain amount in the last 3 years. Business income is considered not normally included in the basis for unemployment benefits. Are you considered an employee of your corporation, you will normally have the same rights as other workers in Norway. The company will for example cover sick pay in the so-called employer period, ie the first 16 calendar days you are sick.
Often insurance companies offer a package with the most common types of business insurance that a newly started company may need. Be it property, responsibility, disruption or transportation insurance. Costs and terms vary from company to company, so it can pay to obtain discounts and compare them. Your home insurance usually does not hold for the food business.
