When there isn’t a safety net – this policy could be yours……
Employees are your businesses most valuable asset. Group personal accident policies can be purchased to protect against the financial impact of losing an employees services. It can help pay wages to an employee who has been insured or it can be used to help the company train or recruit new staff.
Negligence does not need to be established before benefit can be paid, unlike a liability policy. Therefore, payment is generally quicker so compensation is there when you need it most.
The most common areas covered by group personal accident are:-
- Total loss of sight in one or both eyes
- Total loss of, or loss of, one or both arms
- Temporary total disablement
- Permanent total disablement
- Temporary partial disablement
- Permanent partial disablement
Cover can be written to provide benefit for work related incidents only or a more wider coverage to provide cover whilst an employee is outside a working environment.
This insurance policy generally comes with the added benefit of sickness cover and business travel so that gaps in cover can be plugged.
For further information or a quotation for your business, please get in touch.