Though most people do not like to think about it, accidents can happen—and they can be devastating. They can occur without warning, and most individuals are not financially or emotionally prepared for them. However, offering a group accident insurance plan as part of your employee benefits package can help your employees in the event of an accident.
Group accident insurance plans typically offer coverage for the following:
All of these services are covered at varying degrees and up to differing dollar amounts depending on the type of plan selected.
Limitations and Exclusions
The following instances are typically not covered under a group accident insurance plan:
Group accident insurance can be a financial lifesaver for your employees. Consider adding this benefit to your employee benefit package this enrollment season.
While every effort has been taken in compiling this information to ensure that its contents are totally accurate, neither the publisher nor the author can accept liability for any inaccuracies or change circumstances of any information herein or for the consequences of any reliance placed upon it. This publication is distributed on the understanding that the publisher is not engaged in rendering legal, accounting, or other professional advice or services. Readers should always seek professional advice before entering into any commitments.
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