Business
Lay the foundation for the financial saftety net of your employees
Financial Safety Net
Well-being and safety go hand in hand.
Your company can become an active part of a larger safety net by taking out a group insurance for the employees.
With group insurance, you protect your employees and show that well-being and safety are top priorities – even when life takes an unexpected turn.
Get a non-binding conversation with one of our insurance advisors to find out what options are available. This will be done without any setup costs.
Which solution should you choose?
It varies what the need is.
Have a non-binding conversation with one of our insurance advisors to find out what options are available.
Life Insurance
Life insurance is intended to help the closest relatives manage financially if an employee passes away before reaching retirement age.
The payout is made to the next of kin, unless another written agreement has been made with LÍV.
The payout is taxfree
Examples of insurance coverage amounts
Monthly
payment
100 kr.
150 kr.
200 kr.
15-49yrs
–
500.000
750.000
1.000.000
50-54yrs
–
400.000
600.000
800.000
55-67 1/2yrs
–
300.000
450.000
600.000
The amount will be paid in one lump sum.
The payment will be made to the next of kin, unless another written agreement has been made with LÍV.
Specified critical illnesses
Insurance in connection with certain critical illnesses provides a tax-free payout if an employee or children of employee under the age of 18 are diagnosed with a specified critical illness.
An agreed amount is paid out, and you decide how the amount is used.
The payout is taxfree
Examples of insurance coverage amounts
Monthly payment
62,50 kr.
75 kr.
100 kr.
Amount
125.000
150.000
200.000
The amount will be in one lump sum.
You can choose between three combinations.
Applies to the insured person and children under 18 years of age.
Incapacity to work
Loss of working capacity can severely affect the financial foundation. Therefore, we offer disability insurance for your employees, which can ease the financial impact if things go wrong.
It becomes payable if working capacity is reduced by two-thirds or more.
Payments begin 3 months after the disability has been confirmed.
The annual amount is paid out in monthly installments.
The payout is taxfree
Examples of insurance coverage amounts
Monthly payment
445,20 kr.
336 kr.
252 kr.
168 kr.
Amount
106.000*
80.000
60.000
40.000
The annual amount is paid out in monthly installments.
*By choosing this amount, the disability benefit follows the offset limit set by the Social Security Administration each year. The benefit and the insurance premium may change annually.
Treatment Insurance
When illness strikes, the impact is doubled if the employee does not receive treatment promptly.
With treatment insurance, medical care will not be unnecessarily delayed due to waiting lists.
Note: treatment insurance is a supplement to the public healthcare system, not a replacement. The insurance provides the possibility of faster treatment if needed, especially when waiting times in the public system are long.
More about treatment insurance
If you have not started treatment within 10 days after the illness (diagnosis) has been confirmed, it is possible to apply for treatment at a private hospital.
In connection with the claim notification, you can register with Gjensidige using Samleikan. You will receive a response within 2 working days.
It is also possible to apply for coverage for a specialist doctor, physiotherapy, occupational therapy, reflexology, podiatry, muscle relaxation, chiropractor, psychologist, acupuncture, and nutritionist.
Examples of insurance coverage amounts 1-39 employees
1-39 employees
Trygging
Transport
Familja*
yearly payment
2.600
1.035
2.691
*The price for a spouse/partner will be sent privately to your home.
Children under 24 years are automatically covered by the insurance if both parents are insured.
If you are a single parent, the cost per child is DKK 775 per year, up to 24 years of age.
Family insurance has a waiting period of 6 months for pre-existing injuries or illnesses.
The stated prices apply if there are between 40–100 employees in the company.
If you have any questions, you are welcome to call 31 11 11 or send an email to liv@liv.fo.
Examples of insurance coverage amounts 40-100 employees
40-100 employees
Insurance
Transport
Family*
yearly payment
1.867
880
1.933
*The price for a spouse/partner will be sent privately to your home.
Children under 24 years are automatically covered by the insurance if both parents are insured.
If you are a single parent, the cost per child is DKK 775 per year, up to 24 years of age.
Family insurance has a waiting period of 6 months for pre-existing injuries or illnesses.
The stated prices apply if there are between 40–100 employees in the company.
If you have any questions, you are welcome to call 31 11 11 or send an email to liv@liv.fo.
Limaportalurin
With Limaportalurin, you can easily and effortlessly manage
the matters your company has with LÍV.
Get in touch with one of our customer advisors and we will help you
We are ready to help you
If you have questions or would like advice, you are welcome to contact us.
Send us an email on liv@liv.fo, call us at +298 31 11 11, or log in to the customer portal
Mítt LÍV and send us a message.
