The value of accident insurance
Although accidents are unexpected and usually come without warning, employees don’t have to let an injury catch them off guard. They can be prepared to handle the accompanying medical expenses with the help of an accident insurance policy.
How accident insurance works
Accident insurance pays a lump-sum cash benefit for covered injuries employees or an insured family member sustains as a result of an accident (as defined by the policy). Because accident insurance is supplemental, it works in addition to other insurance employees may have.
The cash benefit from accident insurance can be used to:
- Pay for out-of-pocket medical expenses
- Supplement daily living expenses
- Cover lost income from unpaid time off
Designed with employers and employees in mind
- Available with voluntary, non-contributory and contributory options
- Standard schedules, with flexible category and benefit levels
- Complements a high-deductible health plan or disability plan
- Can be packaged with other group insurance products on one bill
- Easy to understand benefits
- Pays lump-sum cash benefit paid directly to the insured – regardless of other insurance coverage
- Coverage for most common injuries due to accidents
- Optional express benefit paid upon notification of accident, without proof required for full claim
- If portability* is included, coverage is fully portable
- Annual benefit maximum (ABM)
- 24-hour and off-job coverage
- Family care benefits that provide payouts for child care, transportation and lodging
- Catastrophic benefits that offers protection for death, dismemberment, paralysis, coma, reasonable modifications following a catastrophic loss and transport/repatriation of remains
- Health screening benefit
- Coverage options for spouse and/or child(ren)
Enrollment Made Easy
We provide a streamlined strategy to educate employees and keep the cost of enrollment low. We will work with you to help consult, plan and execute enrollment.
- Pre-enrollment strategy and planning meeting
- Pre-enrollment communication materials (postcards, emails, videos)
- Personalized enrollment forms and simple needs-based benefit communications
- On-site group meetings
- Professional enrollment representatives (bilingual)
- Partnership with trusted third-party enrollment resources that specialize in group benefits
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