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Group personal accident insurance

July 21, 2015

Group personal accident insurance is a good start.

Vice President, Accident and Health, Zurich Specialty Products

Chris Manchester is the Vice President for Zurich Specialty Products’ Accident and Health enhanced... About this expert

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The introduction of high-deductible plans, as well as higher deductibles within all insurance plans, are some of the key reasons healthcare costs have been kept under control the last few years. While this approach may work for day-to-day healthcare expenses, what happens when an unexpected and catastrophic medical event occurs?

Employees could face expenses that run $15,000 or more. Plus, they may have to pay for additional services and living expenses that insurance may not cover. This can be a difficult financial challenge for many. As mentioned in a recent blog post, many working Americans have no more than one month’s income as an emergency fund.

Group Personal Accident Insurance is designed to assist your employees in covering medical, living and any other expenses after a major or minor accident or injury. The benefit is paid directly to the employee, so there is immediate access to the resources they need to maintain their physical and financial well-being.

Employers can work with their insurer to tailor Group Personal Accident coverage to include:

  • Accident Medical Expense: A cost-effective way to manage medical and other expenses
  • Accident In-Hospital: Benefits can be used as needed if an employee is hospitalized short or long-term
  • Accidental Death/Catastrophic Injury: High-limit, long-term financial protection for employees and their family
  • Accident Disability: Added resources to pay expenses if disabled

Group Personal Accident Insurance provides benefits for medical costs, recovery expenses and the long-term financial burdens of covered accidents. It helps employees manage the high cost of deductibles and other out-of-pocket expenses that come with an accident or injury. This gives employers an easy, cost-effective way to supplement their health plan offerings.

For more information about how to implement Group Personal Accident insurance at your company, click here.


The information in this publication was compiled from sources believed to be reliable for informational purposes only. All sample policies and procedures herein should serve as a guideline, which you can use to create your own policies and procedures. We trust that you will customize these samples to reflect your own operations and believe that these samples may serve as a helpful platform for this endeavor. Any and all information contained herein is not intended to constitute advice (particularly not legal advice). Accordingly, persons requiring advice should consult independent advisors when developing programs and policies. We do not guarantee the accuracy of this information or any results and further assume no liability in connection with this publication and sample policies and procedures, including any information, methods or safety suggestions contained herein. We undertake no obligation to publicly update or revise any of this information, whether to reflect new information, future developments, events or circumstances or otherwise. Moreover, Zurich reminds you that this cannot be assumed to contain every acceptable safety and compliance procedure or that additional procedures might not be appropriate under the circumstances. The subject matter of this publication is not tied to any specific insurance product nor will adopting these policies and procedures ensure coverage under any insurance policy.

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