Business Danmark Income Protection
Business Danmark Income Protection is individual income protection insurance from Business Danmark. Requirements: membership of Business Danmark. It covers up to 90 % of salary.
- Provider
- Business Danmark
- Type
- Trade union – individual scheme
- Requires
- Membership of Business Danmark
- Insurance company
- AmTrust International Underwriters DAC (administered by Marsh)
- Maximum overall coverage
- 90 % of salary
- Maximum supplementary payment
- Not disclosed – see terms
- Waiting period
- Chosen when taking out the policy – stated in the policy
- Qualifying period
- 6 or 9 months (depending on policy)
- Payment period
- Up to 360 days per injury - up to 3 periods of injury (270 days from 55 years, 180 days from 60 years)
- Age
- Min. 18 years old, new drawing for 60 years - covers the month you reach 65
- Price
- The premium increases 10% at 55 years and 25% at 60 years
Additional terms
- Min. 80 hours of work per month in Denmark
- No kr-cap disclosed - max. 90% of past income including unemployment benefits
Sickness coverage
Also covers incapacity for work (50% of payment free of tax in case of incapacity for work)
Tax deduction
95% of the premium is deductible
Sources
Last verified:
Related policies
Read more
- Compare all individual income protection
- Compare Business Danmark Income Protection with a different income protection
- Income Protection through trade unions
- Income protection during illness, sick leave and sickness benefits
- Income protection insurance and tax: deduction, taxation and AM contributions
- Is income protection worth the cost?
Frequently asked questions
What is the qualifying period for income protection?
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The qualifying period is the time you must have had (and paid for) the insurance before you can get paid. It is typically 5-9 months: Frie 5 months, Ase / CA / Krifa / Det Faglige Hus / Lederne / GF 6 months, Djøf / Topdanmark / IDA / Alka / MA 9 months. If you are terminated during the period, you are not covered.
See FAQ →What is the difference between a waiting period and a qualifying period?
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The qualifying period runs from purchasing the policy until cover begins. The waiting period (karens or selvrisiko) is the number of days from becoming unemployed until payments start: for example, 28 days with Ase, 30 with CA and 45 with Djøf. Some providers use “karens” for the qualifying period, so read the terms.
See FAQ →Are income protection payments taxable?
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Yes. Income protection payments are taxed as ordinary A-income, but no labour market contribution (AM-bidrag) is payable on them. Income protection is therefore not tax-free.
Sources: A&TIL: Tax rules on income protection
See FAQ →