Definition: Personal Accident cover provides compensation, on an agreed scale, for death or bodily injury, but excludes illness or disease. Cover can be provided for all Proprietors, Partners, Directors and Employees, but it is not possible to insure selected individuals.  It is possible to insure the Proprietors, Partners, and Directors but not Employees for Personal Accident cover.

Therefore, Personal Accident insurance cover will pay your business a weekly sum of monies if you or an insured employee are unable to work after an injury/accident.  This payment can then help you to :

  • Pay for additional staff cover such as employing an additional person, overtime payment
  • Keep your business running whilst the injured party is unable to work

If you or a member of your staff suffered an injury from an accident and were left unable to work, have you considered what would happen to your business if they were a key employee?

This is where Personal Accident insurance cover can help you and it will enable payment of a weekly sum.  If the accident or injury is serious and results in a disability, which is permanent or even death, your business or the individual insured would then receive a lump sum of monies.

What is included in Personal Accident Insurance?

  • Weekly benefit in the event of temporarily total disablement or a lump sum in the event of death or permanent total disablement
  • Choose the right level of cover for you business, available under a range of cover levels

Personal Accident insurance is an important addition to your business insurance and it can be used as an employee benefit and to attract new staff.

Remember if you are a one person business or a very small employer having a member of staff injured and unable to work could affect you financially, if you are not covered. Check your business insurance policy to see if Personal Accident insurance is included or add it today to your policy.