Group accident insurance for when the unexpected happens.

Add financial protection for accidents with group accident insurance.

Add another layer of protection to your benefits.

No one ever sees an accident coming. However, group accident insurance may help employees with the financial strain that can result from an injury. Millions of people are injured every year and seek medical care as a result. Ambulance charges, emergency room copays, deductibles, co-insurance—the expenses can add up fast.

Lump-sum payments for employees to use.

Group accident insurance plans typically pay out a lump sum when an accident occurs. The amount could be based on the type of injury sustained, the type of treatment rendered, or a combination of the two. The money may be treated by the employee as reimbursement for expenses they incurred. However, they may also use it to pay for additional child care, transportation, or any other needs. The amount paid by the group accident plan is generally paid regardless of the out-of-pocket expenses left over after health insurance pays.

Accidents may create unexpected financial challenges.

Unexpected accidents may lead to medical bills, transportation expenses, childcare costs, missed work, and other financial challenges for employees and their families. Group accident coverage may help provide additional financial support during recovery. Coverage options and benefit amounts may vary depending on the employer’s plan and the types of accidental injuries covered.

Additional riders are often available.

Many insurance policies have additional riders available to help meet the needs of your employees. For example, this may include benefits for when an employee and their family stay accident-free for a period, a wellness benefit for obtaining preventative care, hospital confinement, accidental death and dismemberment, and more. These riders may include:

Employee benefits may improve workplace confidence.

Businesses that offer supplemental accident coverage may help employees feel more financially prepared for unexpected injuries and medical expenses. Benefits packages may also help support employee satisfaction and retention.

Increased payouts for child athletes could be possible.

Children may be more prone to accidents than adults. However, children who play sports like football, soccer, lacrosse, and other sports have a higher chance of becoming injured. Many group accident plans include higher benefits for children who are injured while participating in organized sports. Considering adding group accident insurance coverage to your suite of employee benefits? Contact us to find out more.