things you must consider when taking Accident Insurance

What is Accident Insurance?

This will cover your employees against any medical expenses they incur due to an accident (not illness) not already covered by COID (previously known as Workman's Compensation.)  If your employee becomes disabled or dies, the insurance will also pay a lump sum benefit which can be distributed to the beneficiaries.   Accident insurance does not restrict the cause of the accident to work related activities. Your employees will be insured in the event of a motor accident, crime, holiday activity or even domestic injury (for example, injuring themselves whilst attempting home repairs etc.)

Who needs Accident Insurance?

If you register your employees with COID, they will already be covered against injuries they may sustain during work, or on their way to or from work.  However, this gives them no protection after hours, nor any protection against injuries that may incur whilst not doing work related activities.  Anyone who has casual staff who are not yet registered with COID, or anyone who would like to provide after hours or extra cover for their employees should consider Accident Insurance.

Why should you take out Accident Insurance?

Many of your staff may be bread winners, and a lot of them probably have no medical aid cover.  In the case of them being injured whilst not doing a work related activity, they may not be able to obtain the proper care they need.  If they ultimately become disabled or die from their injuries, they will often leave dependants behind who have no means of providing for themselves.  Ensuring that your staff are covered in case they are injured or disabled, and making provisions for their dependants is a socially responsible way of running your business.

How much does Accident Insurance Cost?

Surprisingly very little! We have specialised accident policies to cater for all types of staff with their specific needs.

Typical claims incurred on Accident Insurance

One of the biggest causes of injury & death in South Africa today is motor related accidents.  Sadly crime is also responsible for many lost lives & exorbitant hospital bills.  We also receive many claims for household accidents, it seems people are often falling through windows, sliding off roofs, injuring themselves with gardening equipment & so forth. 

We also pick up many claims which are not fully paid by COID.  So even if your employee is injured in a work related accident, if there is a shortfall between the disability benefit paid by COID & the usual earnings of the employee, this will be covered by our policy.

What other insurances should be considered along with Accident Insurance?

We can insure your staff against death, disability or medical expenses either on a stand alone policy, or as part of your Business Insurance policy.

GET A QUOTATION:

Click here to send us an e-mail requesting a quote -> insurance@barrington.co.za   

We will e-mail you a quotation as soon as possible.

Contact details will be kept confidential & will not be used in any way other than as described above & will not be shared with any other parties.

Please note that we can only insure in South Africa.