Update: Mandatory occupational disability insurance (AOV) for self-employed professionals is getting closer
Do you remember when we wrote last year about the mandatory occupational disability insurance for self-employed professionals? We want to keep you updated on the latest developments, as this law will impact your wallet.
Well, a lot has happened since our last blog. After years of discussions and negotiations between employers, employees, and governmental institutions, there is finally a draft law on the table for mandatory occupational disability insurance for self-employed professionals. The new Minister of Social Affairs and Employment of the cabinet Schoof now has to decide whether this draft will go to the House of Representatives. Exciting!
What does the proposal look like?
Here are the main points summarized:
What’s next?
The plan is for the draft law to be passed by both the House of Representatives and the Senate in the spring of next year. If everything goes according to schedule, it will take another 2 to 3 years for the law to actually come into effect, so think 2027 or 2028. During this time, the UWV, insurers, trade unions, and other agencies involved will need to get everything organized to ensure a smooth implementation. Want to revisit what we previously wrote about disability insurance for entrepreneurs? Check out our blog “Mandatory occupational disability insurance (AOV) for self-employed professionals” via this link.
Stay tuned, as this law could significantly change your costs as a self-employed professional!
