GROUP PERSONAL ACCIDENT INSURANCE SCHEME

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Working in today’s world of volatility, uncertainty and ambiguity requires continued focus on employee safety. Companies committed to being Employers of Choice are creating safety nets for their workforce including the provision of a Group Personal Accident Insurance Scheme. In today’s race for talent, an insurance plan to cover an employee in the event of accidental death or total and permanent disability is no longer a nice-to-have. It has since formed a standard part of an employee benefits program. 

WHAT IS GROUP PERSONAL ACCIDENT COVER?

The Group Personal Accident (GPA) Insurance Scheme encompasses extensive coverage against accidental death or injury. It offers lump sum benefits which pays out on a sliding scale based on the injury incurred from the accident and it is also renewable every year. Examples of these could be: 

  • Loss of a thumb or finger
  • Loss of hearing
  • Second and third degree burns
  • Broken bones
  • Rehabilitation 

One of the best features of a group personal accident cover is that it generally applies 24/7 throughout the world. Therefore, even if your company employs people who spend most of their time either travelling to foreign locations, such a plan will still benefit them.

Call our team today if you have any questions about Group Personal Accident Insurance.

WHY DOES MY COMPANY NEED GROUP PERSONAL ACCIDENT INSURANCE?

Duty of Care is a legal obligation of employers to ensure the health, safety and well-being of their employees in the workplace and while traveling for business. Group Personal Accident Insurance provides a safety net to help employers reduce their financial risk exposure and avoid reputational damage. GPA combined with group business travel and worker injury compensation insurance provide employers with a solid foundation to their people risk management strategy. These types of policies demonstrate an employer’s commitment to their Duty of Care obligations and the general well-being of their employees. Our team will work with your HR team to tailor the best policies to suit your business and that are relevant to your industry. Reach out to our team today if you are interested in talking to us about Group Personal Accident Insurance for your team. 

HOW DOES GROUP PERSONAL ACCIDENT COVER WORK?

Group Personal Accident Insurance plans provide a strong safety net for employees and employers against accidental death or injury. The insurance covers the expenses and compensates the insured group members for any injury sustained in the course of their lives (except injuries obtained due to excluded causes). Group members are protected worldwide 24/7. The general benefit includes the following:

  • Accidental death
  • Medical expenses arising out of accidents
  • Permanent total disability due to an accident
  • Permanent partial disability due to an accident
  • Hospital cash
  • Funeral expenses

15 to 20 additional coverages, such as dependent child education supplement and trauma counselling benefits, are often included in the policy to provide extensive protection. Policies can be extended to include an employee’s immediate family members who’re traditionally uninsured or under-insured. 

Loss of income due to illness can also be included in a Group Personal Accident Insurance policy. This can support group members undergoing medical treatment which renders them unfit to work.

As these policies can be tailored to your businesses specific needs, please contact our team and we will help to pair you up with an insurer that will work best for you and your business.

NEXT STEPS

Get the best you can for your business with our Group Personal Accident insurance product with our team today and let us help you get started on the process. Leverage our international network of insurance providers for comprehensive, tailored plans.

FREQUENTLY ASKED QUESTIONS ABOUT GROUP PERSONAL ACCIDENT

Group personal accident insurance plans are not mandatory but they are very common. Employers do have a duty of care to their employees — meaning they are obliged to take precautions to ensure the well-being of all employees. Accordingly, employers are strongly encouraged to have group personal accident insurance in place as a financial safety net, and as an essential component of their broader employee benefits plan.

Accidental injuries are bodily harm caused by sudden, unforeseen, or unexpected circumstances. These include broken or loss of limbs, broken bones, burns, lacerations, loss of sight or hearing, and more. Apart from injuries, most group personal accident insurance plans also cover accidental death.  

For comprehensive group personal accident insurance plans, reach out to us at Expat Insurance today. Our award-winning team of specialists will guide you every step of the way to ensure that you have tailored accident coverage for your employees. 

DO YOU NEED TO CREATE A SAFETY NET FOR YOUR WORKFORCE?

Protect your employees against accidents and call us today on +65 6439 8026 or leave your details below.

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