Personal accident insurance

Personal accident insurance is a type of UK commercial cover. It may help in the event of an accidental injury. It’s designed to protect: 

• Business owners
• Self-employed people
• Sole traders
• Freelancers.

Running your own business brings responsibilities. Personal accident insurance could pay out a sum if you or a named employee can’t work due to an accident.

For example, if you get injured and are unable to take on a job, our cover could provide weekly payments of up to £250 if you can’t work for more than two weeks. 

For permanent injuries, personal injury insurance might also help with: 

• Medical expenses
• Costs to retrain
• A lump sum in cases of permanent disability or death.

You may need personal accident cover if other people rely on your ability to work. Or if the vitality of your firm depends on it.

Personal accident insurance might be particularly useful to small firms and sole traders. Without cover, they may lack the financial resources to tackle unexpected events. Their business could even fail if key staff can’t work. 

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Personal accident insurance covers you for costs relating to injuries caused by accidents. These may be temporary or permanent injuries, to you or other insured staff. This cover can even help when accidents aren’t work-related.

Say you’re injured playing sport and can’t work for more than two weeks. We could provide weekly payments until you return. We might also be able to help with rehabilitation costs to help you recover.

Permanent injuries can have a big impact on small businesses. Fortunately, personal accident insurance can provide support. If someone loses their hearing or use of a limb, this cover can provide a one-off payment. In this scenario, we could also help with recruitment costs to minimise interruptions.

Some types of work may no longer be possible after certain injuries. For example, building, carpentry or hairdressing. If you or a staff member need to retrain, personal accident cover may help fund this.

You can set any value for your personal accident cover between £5,000 and £100,000. 

It shows what we’d pay as a lump sum if someone was permanently injured by an accident and couldn’t work again. The right value for you will depend on the nature of your business. Consider the potential disruption if you or your team can no longer work.

Need to change your policy at a later date? We can action this with no admin fee. Your policy premium may go up or down.

There are several types of personal accident cover. Group personal accident insurance can cover an entire management team. Individual packages are more for small business owners and sole traders. 

We’ll cover you if: 

• An insured person is permanently disabled or killed. Whether the accident occurs at work or not
• An insured person suffers an injury that leaves them temporarily disabled and unable to work
• One of your insured employees requires retraining to start a new career due to permanent injuries
• Your employee incurs medical expenses
• There are funeral expenses, including costs to repatriate someone.

We won’t make any payment for physical injuries caused or contributed to by:

• Taking drugs or controlled substances
• Suicide, attempted suicide or deliberate self-injury
• Any criminal act by the insured person, by you or on your behalf
• Any physical defect, infirmity or medical condition known to the insured person when your policy begins. Unless it has been without the need of any medical advice or treatment in the previous 24 months
• Extreme sports or leisure activities, as listed in the policy wording
• Armed forces activities, including operations, exercises or training
• Flying as a pilot or aircrew or any other aerial activities, other than by commercial airlines as a passenger.

Please refer to the policy documents for the full details of inclusions and exclusions of this cover. Policy documents are available when purchasing online. You can also contact our customer services team for more information.