Accidents happen and, even though no-one likes to think about them, it’s good to know you’re prepared for the unexpected. Personal Accident insurance is designed to protect your business financially should you suffer an injury from an accident that leaves you unable to work. It can also offer protection against the same happening to employees and key members of staff.
You may worry about how your business would cope if you were to suffer a serious injury in a car accident, keeping you in hospital for a prolonged period of time. Likewise, you or a key employee might have an accident whilst working, such as falling down a flight of stairs and sustaining serious injuries. Depending on the nature of any acccident, the individual affected may need a few weeks off work, or even many months.
With Personal Accident cover in place, and depending on the type of incident, your business would receive a lump sum or weekly payments. For temporary disablement situations, the weekly payments will help offset any resulting loss in income and would therefore help to meet your business commitments should the worst happen. Lump sum payments come into the equation when an incident causes permanent disablement.
We are able to help tailor a policy to suit the needs of you and your business. We would usually encourage 24 hour cover so that key persons would have protection during their leisure time, not just during business hours. The most common forms of cover would include the following:
Other forms of cover are sometimes available in conjunction with a Personal Accident policy including hospitalisation benefits, retraining expenses, recruitment expenses, medical expenses and funeral expenses. Sickness insurance can also be obtained in certain circumstances.