Accident Insurance

Accidents are bound to happen, and if you’re not prepared when they do it can be detrimental to your business without the proper accident insurance. The bare minimum liability business insurance can leave you at fault for a number of accidents and without experienced help and guidance, your business could be held liable. We can help connect you with the proper agents to ensure you’re fully covered where it counts.

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Articles & Resources

Protect Your Business With the Right Accident Insurance Coverage

As a business owner, you must stay vigilant in safeguarding...

FAQs

What Is Accident Insurance?

In the event of an accident, personal accident insurance, commonly referred to as fixed indemnity insurance, protects the policyholder. Accidents typically result from unintentional events that cause harm. In rare circumstances, someone may be held entirely or partially responsible for the accident. Both small damage and significant incapacitating events may be covered by these insurance. Auto, medical, and employment insurance are not the same as accident insurance. However, since accident insurance is not a comprehensive policy, having this additional coverage is also important.

How Does Accident Insurance Work?

Health insurance and accident insurance differ from one another. Accident insurance covers any financial burden you may experience as a result of an accident, whereas health insurance covers any emergency medical care you receive following an accident. Copayments for medical services, physical therapy, other services not covered by your health insurance, and other accident-related out-of-pocket costs might all be included in accident insurance. The fact that accident insurance settlements are paid in cash, which helps lessen the financial stress you suffer after an accident, is one of its largest benefits. You receive the money right away because there isn't a waiting time. Depending on the coverage, accident insurance premiums change. Understanding the policy's inclusions and the kinds of accidents it covers is important.

What Does Accident Insurance Cover?

Accident insurance covers qualified injuries, which could be paralysis, burns, lacerations, amputations, and broken or lost limbs. Accident insurance also covers payment to your chosen beneficiary in the case of your unintentional death. Accident insurance pays you directly, whereas health insurance companies pay your provider or facility. Accident insurance is classified as supplemental insurance and works best in tandem with a major medical plan. Your accident coverage will pay for costs like copayments and your deductible that aren't covered by your medical plan.

Accident Insurance