Important information about occupational disability: illnesses and causes for financial protection

Important information about occupational disability: illnesses and causes for financial protection

According to a report from www.fr.de,

Occupational disability can affect anyone, regardless of the type of job or activity. According to an analysis by the German Actuarial Association (DAV) from 2018, one in four employees will be unable to work at least once during their working life. This risk affects both physical jobs and office jobs that one would not necessarily expect. Psychological illnesses such as burnout and depression are the most common cause of occupational disability, followed by serious accidents, diseases of the musculoskeletal system, cancer and diseases of the cardiovascular and nervous systems.

Occupations that are particularly at risk include scaffolders, roofers and bakers, where the probability of reaching retirement age in good health is relatively low. Insurance companies also accept many illnesses that can lead to occupational disability, such as autism, depression, cancer and various mental illnesses.

Occupational disability insurance is therefore essential for every employee in order to be financially protected in the event of occupational disability. The differences in contributions and benefits between insurance companies are enormous, so it is advisable to get detailed advice before taking out such insurance. It can even be worthwhile to take out occupational disability insurance for children, trainees and students. The analysis of these facts shows that the topic of occupational disability is very relevant and every employee should keep an eye on the financial consequences of a longer period of absence.