Group accident insurance is an insurance policy that companies can take out for their employees. It provides insurance coverage for accidents that occur during work, on the way to work or during leisure time.
Coverage includes a variety of benefits, such as disability benefits, death benefits, per diem hospitalization benefits, convalescent benefits, salvage costs, cosmetic surgery and rehabilitation.
With group accident insurance, companies can protect their employees from the financial consequences of accidents. Particularly in the event of disability or death, the insurance benefits can help secure the livelihood of the affected employees and their families.
Typical examples of damage
Occupational accidents, such as injuries caused by machines, tools or work materials
Commuting accidents, i.e. accidents on the way to work or back home
Leisure accidents, for example while playing sports or gardening
Accidents due to illness or sudden physical deterioration
In principle, all companies that employ staff should consider group accident insurance. In particular, companies with hazardous working conditions or companies that frequently send their employees on business trips should take out cover.
Companies in industries with a high accident risk, such as construction, agriculture or logistics, should also take out group accident insurance. The insurance can help minimize the financial risks in the event of accidents at work and thus also increase employee satisfaction and motivation.