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Group Personal Accident Insurance
Have you considered what would happen to your business if a key member of staff suffered a serious injury and was unable to work? It is easy to overlook employees when it comes to protecting your company assets. But how would you react if something happened to them? What contingency plans do you have in place?
Group personal accident insurance is designed to provide a tax-free cash payment in the event of the death, disablement or loss of hearing, sight or speech following an accident. Both fixed lump sums and ongoing weekly benefits are available.
- Quick and easy to arrange
- Instant financial relief for the injured party
- Valuable staff benefit
- You can decide who is covered and where the money goes
The S-Tech Difference
S-Tech is one of the UK’s largest independent insurance brokers and has worked alongside leading providers to develop bespoke group personal accident products.
We’ll work with you to develop a bespoke cover, so you and your staff get exceptional cover at a low cost.
Group personal accident insurance in detail
There are lots of options for group personal accident cover:
- Tax-free cash payment Issued in the event of death, disablement or loss of hearing/sight/speech following an accident.
- Weekly payments available Extension available if you or your employees are injured or sick and unable to undertake normal work duties.
- Flexible options You can choose whether to stick with occupational-accident only or extend to include cover 24 hours per day.
- Travel cover Policies can be extended to cover business travel, including personal travel for the directors and their families.
- Instant payment Legal liability does not need to be established in order to make a claim.
FAQs
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Group personal accident insurance will provide a lump-sum, or ongoing weekly payment, to your business in the event of an injury to a member of staff. This could be of considerable benefit and help you avoid business interruption. Alternatively, the payment can go directly to your employees or their families.
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The business decides where the money goes. You can give it to the injured person, their family or use it to hire temporary staff.
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You decide who is covered. Available to directors and employees of the company including manual and clerical staff.
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No. The whole process is quick and easy to arrange: no long forms, no medical examination and inexpensive premium.
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Legal liability does not need to be established in order to make a claim.
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No. Personal accident insurance is intended to protect employees against unexpected events and not any illnesses or pre-existing conditions which were known about.
Personal accident insurance will only pay a benefit if an employee suffers an injury or die as a direct result of an accident.
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Cover is flexible and can be bespoke to your requirements, for instance:
- Different classes of workers can have different limits and benefits
- Cover can be based on multiples and percentages of salary or on fixed amounts/weekly benefits
- Cover can be arranged on death and capital sums and/or temporary total and temporary partial disablement
- Cover can be extended to pick up illnesses
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