Personal Accident Insurance
Personal Accident Insurance is a product designed to compensate you following serious injury or death as the result of an accident. It protects you and your family against the lost income generated by an accident and can assist with bills and other expenses. Personal Accident Insurance can often be included in Life and Car Insurance policies as a cover extension. It will not cover any other reason for being unable to work i.e. sickness, health or mental health issues.
This type of cover is also available as a standalone policy. It is your decision as to whether or not you want or need this type of cover in place. It can be extremely useful for anyone working within industries where accidents are more likely to occur such as Security or Construction. You may take the decision that Personal Accident Insurance is necessary for you because you work in one of the high risk industries mentioned and being unable to work would result in you being unable to meet your financial commitments.
A policy if this nature could cover all or a variation of the below:
- Accidental Death
- Permanent Total Loss of Sight of One Eye
- Permanent Total Loss of Sight of Both Eyes
- Loss of One or More Limb(s)
- Permanent Total Loss of Speech
- Permanent Total Loss of Hearing
(a) In One Ear 1
(b) In Both Ears
- Permanent Total Disablement
- Permanent Partial Disablement
- Temporary Total Disablement
- Temporary Partial Disablement
Frequently asked questions (FAQ)
Personal Accident Insurance (also known as Personal Injury Insurance) is designed to give you the peace of mind in knowing that you have some financial protection should you die or suffer a serious injury in an unfortunate accident.
A policy can provide a lump sum payment to you or your family if you die or are seriously injured as the result of an accident. The money provided could be used in order to aid your path to recovery from a serious accident, or by your family to help secure your future financial stability if you were no longer there to provide for them. Cash could be used to help cover expenses such as the mortgage, car repayments or day to day bills.
If you are aged between 18-69 then you are eligible. There are no complicated health questionnaires involved, simply speak to us and we will guide you through how simple the process is.
Personal accident insurance can cover you against many injuries and accidents, including:
- An accident or injury at work
- Injury caused by violence
- Injury or death caused by a road traffic accident
- Total and permanent disability
- Injury caused by a slip or spillages
- Loss of (or loss of use of) body parts
This kind of insurance will help protect you at work. If you are self-employed, it may be hard to cover yourself against any loss of earnings in the event an injury or accident prevents you from doing your job.
It is common for people to think about Personal accident insurance where people work in a high-risk environment where accidents or injury is more likely to occur. Within certain elements of the Security industry, risk is faced on a daily basis, so it could be wise to at least investigate how a Personal Accident could benefit you.
Yes it could. Personal accident insurance covers you for all accidental injuries, whether they happen in a motor accident, at home, at work or wherever.
Yes you can. We would always advise you to have a discussion with a member of our team here at Security Insured, so that we can recommend which form of insurance would suit you best, as we can also look at Life and Health Insurance policies also.
On some occasions they do via selected registers. The best approach is to declare everything you think is relevant, thus removing any concerns you may have about historical data.
The answer is an emphatic yes! Most insurers will ask you a direct question in relation to liquidation or bankruptcies, it may be for a limited period or ask you to declare any incidents ever. It’s important to answer the question correctly as this is often an area that comes up when insurers are investigating claims.
This is when a proportional amount of the premium is refunded in line with the amount of time that remained on the policy.
This is a non-refundable insurance policy, usually reserved for liability insurance policies.
Policies vary greatly. Some products, like high net worth private household policies give very broad cover including warranty free policies whilst other policies may restrict cover to very narrow set of conditions using policy wordings. It is also true that insurers approach to claims handling varies greatly and you should always enquire as to how well an insurer deals with claims.
Consumer policies tend to have a cooling off period. Some commercial policies will offer a pro rata cancellation refund if cancelled mid-term. Some policies are known as minimum and deposit. This means all the premium is due from the moment you take up the policy with no refunds given. It is always worth consulting with us regarding any questions you have around this. Our aim is always to provide you with the insurance solution which best fits your business and current needs.