When a director or employee suffers an accident, whether in or out of work, and even if as a result of a negligent act by an employer (aspects covered by Employers’ liability), Personal Accident insurance can be invaluable.
The insured company receives the benefits of the claim and can retain the funds so as to be able to continue paying the accident affected employee/director, so as to be able to fund additional staff, or indeed to simply pass on the funds to the injured member of staff.
Combined with the Employers’ Liability, Personal Accident can be used to reduce EL claims by avoiding the EL insurer having to pay lost wages etc.
Accidents could be the result of accidents at work, amateur sporting accidents, everyday domestic and of course car accidents.
Speak to one of our Corporate Account Managers to discuss your particular requirements.