“Gravity is a contributing factor in nearly 73 percent of all accidents involving falling objects.”
– Dave Berry
Accident insurance can help protect you financially in case of an accidental injury. Regular medical insurance won’t cover all the expenses that result from injury—at the very least, you will likely owe a deductible and copays. Accident insurance can help fill in those coverage gaps as you pay out-of-pocket medical bills or, make your mortgage payment if you miss work. Accidents are injuries such as fractures, dislocations, burns, concussions, cuts and lacerations, eye injuries, coma, torn knee cartilage, broken tooth, ruptured disc, and paralysis.
As a voluntary benefit through your employer, accident insurance will likely offer you a reduced premium rate that can be automatically paid through payroll deductions. Insurance benefits are paid regardless of other insurance coverage, such as a health insurance plan that might already pay a portion of your medical expenses. Aflac is the most well known and, in most cases, the best option.
If you have any questions about added or refining an accident policy for you and your employees, contact a BenefitCorp consultant to help you navigate the voluntary waters.