Your idea has become a product, your start-up a company and customers are enthusiastic. And so it is time for ‘the next step’: hiring your first employee. Someone who can ensure further growth by helping you with sales, marketing or administration, for example.
There is, however, an administrative downside. There are many things you need to arrange as soon as you hire someone. We would like to give you a short checklist that will help you to get everything sorted out insurance-wise.
Workplace accident insurance is mandatory in Belgium. It ensures that employees are compensated for accidents at work and on the way to or from work. It must always be taken out before your employee actually joins the company. Otherwise, you are responsible. Otherwise, you will be responsible for the (sometimes very high) costs and there are also fines for not taking out industrial accidents insurance. More information on work accident insurance can be found here.
Do you not yet have liability insurance? Then consider getting this sorted out now. Hiring also means handing over a bit of control, but at the same time, you are responsible for the mistakes of your employees (and the damage they cause). Do you think it is too early for a fully-fledged professional indemnity insurance? A simple basic policy is a lot cheaper and already offers some protection.
Wages are expensive, both for you and for your employee. There are quite a few alternatives that are a lot cheaper. In the first place, this is something you have to discuss with your accountant, but when it comes to insurance, group insurance and hospitalisation insurance are excellent alternatives. Moreover, they also increase retention!
The basic insurances are ok, but did you know that labour conflicts with your employee can be insured? Or that there is a specific extension of the work accident insurance for home work? If you are about to hire your first employee, contact us for an interview. We will take the time to discuss all insurances in detail.
Of course, there is much more to be said about staff recruitment and insurance, but these 4 tips will get you a long way! Translated with www.DeepL.com/Translator (free version)
