Personal accident insurance

Covers you against the cost of:

  • you or an insured employee being unable to work following an accidental bodily injury
  • retraining, recruitment, medical and funeral expenses incurred as the result of an accidental injury to you or an insured employee

You may face additional risks if:

  • you are vital to the running of your business
  • you want to take steps to protect your business income
  • you are concerned about the cost of retraining or replacing an injured employee

What's covered

We'll pay to your business as a lump sum the cover level you select if an insured person:

  • suffers physical injury caused by a specific event during the period of insurance and while they are covered under the policy; and
  • suffers as a result of the injury either death or permanent total disablement within 24 months of the event.

Only one payment will be made for each insured person for the consequences of any one covered physical injury. The most we'll pay in total including related expenses for injuries suffered in one event is £1,000,000.

For temporary total or temporary partial disablement, we'll pay up to £250 per week for each insured person for the consequences of any one covered injury lasting longer than 14 days until the earlier of:

  • the insured is no longer suffering from the disablement; or
  • the end of 104 weeks from the date of the disablement.

We'll also pay to your business, for every incident of loss:

  • medical expenses incurred by the insured person in connection with a covered physical injury up to £10,000
  • funeral expenses incurred in connection with a covered physical injury up to £5,000
  • retraining expenses up to £10,000 and recruitment expenses up to £10,000 incurred by your business as a result of a permanent disablement of an insured person.

For full details of what's covered, see your policy documents.

What's not covered

We will not make any payment for physical injuries caused or contributed to by:

  • taking drugs or controlled substances
  • suicide or 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.

For full details of what's not covered, see your policy documents.

 

Are accidents outside of work covered?

Yes, they are. We don't cover injuries caused by or contributed to by some activities and situations, so you should check the wording on your policy. But, in general, you and your employees are covered whether an accident occurs while at work or not.

What level of personal accident cover do I need?

You should think about how your business would cope if you or a key member of staff was injured and unable to work temporarily or permanently. What might this mean for your turnover? The amount of cover you select is the lump sum amount your business would received if an insured employee suffered a serious injury.

Who is covered by personal accident insurance?

Personal accident insurance covers the number of people working in your business including yourself that you selected when we asked you about your business. If you don't want to cover all of your employees, please phone one of our business insurance experts to discuss your requirements.

Who receives payments made under this cover?

All claims payments are made to the insured business, not to an insured employee.