Protecting your assets is one of your most important considerations as a business owner. Since your employees are your greatest asset, you have carefully crafted a package of benefits to help both them and your company succeed.
However, with today’s health insurance plans often subject to such high deductibles, you would be right to wonder just how protected your employees really are. Would they be able to meet that deductible, in the event of an unexpected and costly accident? Or would the gap between their insurance coverage, and what they can actually afford to pay out of pocket, create an extra burden at the worst time?
Voluntary accident insurance is designed to help bridge that gap. It also complements disability insurance, which can provide a portion of lost income during time off work, but often is not sufficient to address the high medical bills that come along with a serious injury.
Accident insurance will provide a cash payout in the event of certain types of injury. The payout will vary, according to two basic factors:
- Type of injury – such as broken bones, head injuries, burns, lacerations, eye injuries, and so on
- Specific treatment required during and after the event – such as ambulance rides, X-rays, surgery, hospitalization, and various types of follow-up care
Voluntary accident insurance can cover your employees, as well as their family members, depending upon the type of policy selected. This could prove to be an invaluable benefit for those with children, in particular. We all know how unpredictable kids can be!
You might be surprised at the affordability of a voluntary accident insurance policy. With low premiums and a solid benefits package, you can provide additional protection to your employees at a minimal cost to your bottom line. Give us a call to learn more, and we can help you decide if an accident insurance plan is right for your company and your workers.