Accident Insurance
Description and purpose
Accident insurance provides financial protection in the event of an accident (including workplace accidents and occupational injuries) that results in bodily injuries, disability, or death. It is useful for covering medical expenses and providing financial support during periods of incapacity to work. Accident insurance can be purchased both individually and by companies for their employees as part of workplace benefits.
Accident insurance provides financial protection in the event of an accident (including workplace accidents and occupational injuries) that results in bodily injuries, disability, or death. It is useful for covering medical expenses and providing financial support during periods of incapacity to work. Accident insurance can be purchased both individually and by companies for their employees as part of workplace benefits.
Target audience
Individuals and companies seeking to offer additional benefits to employees.
Individuals and companies seeking to offer additional benefits to employees.
Coverage and risks
Depending on the policy, accident insurance may cover the following:
Depending on the policy, accident insurance may cover the following:
- Medical expenses – costs for consultations, treatments, surgeries, hospital stays, recovery, and rehabilitation.
- Compensation for temporary or permanent incapacity – a percentage of the insured individual's income during the period they are unable to work.
- Permanent disability – a compensatory sum in the event of a permanent disability.
- Death – a compensatory sum provided to the beneficiaries in the event of the insured person's death.
Types and options
– Individual accident insurance: purchased by an individual for personal protection.
– Group insurance: offered by employers to protect employees at the workplace or during business trips.
– Individual accident insurance: purchased by an individual for personal protection.
– Group insurance: offered by employers to protect employees at the workplace or during business trips.
Benefits
Financial protection in the event of an accident, coverage for medical expenses, and income replacement during periods of incapacity to work.
Financial protection in the event of an accident, coverage for medical expenses, and income replacement during periods of incapacity to work.
