It is received in addition to the public benefit
What you receive from the public absence does not deduct a single euro from this compensation. Both are added, and that sum brings you closer to what you earned while working.
Individuals
Subsidy insurance for work absence
At JORI, we understand that life can present unforeseen events that affect your financial stability.
Definition
What is subsidy insurance
The subsidy insurance pays a fixed amount for each day the insured person is on sick leave, hospitalised, or recovering from surgery. It is the cover that compensates for the loss of income during a temporary incapacity and is especially relevant for the self-employed, whose public benefit is significantly lower than their actual income and takes time to arrive.
Advantages
Advantages of subsidy insurance
The self-employed quota continues to be paid
Fixed expenses do not stop with the absence. The subsidy covers quota, rent, and utilities without having to dip into business savings.
You choose how much and from when
Adjust daily capital and excess to your actual expenses and your cushion. It is one of the few insurances that is sized with a very simple calculation.
Modest premium for the risk it covers.
Covering a long-term leave costs much less per month than a business lunch. The disproportion between cost and protection is one of the largest in the market.
Profile
Who it is for
Self-employed and professionals
Those who stop invoicing the same day they stop working and maintain fees, rent, and fixed expenses.
Partners of small businesses
Profiles whose sick leave stops or slows down the entire business activity.
Manual trades
Activities with a higher probability of leave due to injury and with the impossibility of teleworking during convalescence.
Families with a single income
Households where a prolonged leave directly compromises mortgage payments.
Scope
Main covers of subsidy insurance
- Daily compensation for temporary incapacity due to illness or accident
- Hospitalisation subsidy, with an amount usually higher than that of sick leave
- Compensation for surgical intervention according to scale
- Cover for occupational and non-occupational accidents
- Choice of daily capital and excess period
- Full compatibility with public benefits and any other insurance
The JORI method
How we work
Our specialists' experience turns every risk into knowledge, and that knowledge into a solution designed for you and your family.
Risk analysis
Every client faces a unique situation. We analyse each client's specific risks to detect vulnerabilities, assess security measures and propose improvements that strengthen the protection of their assets.
Programme design
All our programmes are designed to integrate every cover needed and to bring peace of mind to those who trust us.
Selection across the insurance market
We carefully select insurers and design exclusive insurance programmes, adapted to each client's particular circumstances, with a fully tailor-made approach.
Specialised claims management
Claims are the most vulnerable moment for a client. That is why it is so important to have specialists who provide support throughout the process.
Six generations and more than 130 years devoted to insurance.
Frequent doubts
Most frequently asked questions about subsidy insurance
Can I receive the subsidy and Social Security benefit at the same time?
Yes. It is a sum insurance, not indemnity: it pays the agreed daily capital regardless of any other public or private benefit you receive. Its function is precisely to cover the difference between what the benefit provides and what you earned while working.
What excess should I choose?
It depends on how many days you can manage without income. For a self-employed person without a cushion, seven or fifteen-day excesses. If you have reserves for a couple of months, thirty or sixty days significantly reduces the premium and still covers the important aspect, which is long-term absences.
How much daily capital should I choose?
As a reference, the amount you need to cover fixed expenses: self-employed quota, mortgage or rent, utilities, and family expenses. Many insurers limit the capital based on declared income to prevent the absence from being more profitable than working.
Does it cover absences due to depression or anxiety?
It depends on the policy. More and more insurers cover them, although with longer waiting periods and sometimes with a specific day limit. It is one of the points we expressly review because mental health is already one of the leading causes of prolonged absence.
And back injuries?
They usually have an initial waiting period and, in some policies, a requirement for objective diagnostic proof. It is advisable to read that clause in detail if your activity is physical, as it is the most frequent cause of absence in manual trades.
Does the premium increase if I have an absence?
The premium is reviewed based on age and the claims experience of the portfolio, not usually for an individual absence. What can happen after repeated absences is that the insurer applies an exclusion for that specific condition upon renewal.
Contact
Let's talk about protecting you
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