NATIONAL ORDINANCE ACCIDENT INSURANCE OF THE NETHERLANDS ANTILLES
An insurance to protect employees against the financial consequences of accidents
The National Ordinance Accident Insurance (‘OV’) contains rules about the insurance of employees against occupational accidents. Among others the OV regulates the right of the employee to medical treatment and nursing care, financial allowances for occupational disability, the premiums that have to be paid and the other responsibilities of the employer and the employee.
The OV obliges the employer to pay a premium to the Social Insurance Bank (‘Sociale Verzekeringsbank‘ or ‘SVB‘). The employer is obliged to pay full the premium for the employee. The premium for the employee and his children is calculated based on a percentage of the daily pay of the employee. The percentage ranges between 0.5% and 5% and depends on the level of danger involved with the work. Premiums are due up to a certain maximum amount of wage.
Karel Frielink
Attorney (lawyer) / Partner
