Personal Accident Insurance
Protection Against the Unexpected
Is personal accident insurance based on a specific amount or percentage of salary?
The sum insured varies and depends on your requirements. It can be a specific benefit amount or can be based on a percentage of the salary paid.
what else do I need to know?
There's a few things, Personal Accident Insurance provides a benefit following an accident if you are unable to work. Cover is usually 24 hours and can be arranged by a company for an individual or a group of employees. This cover is normally taken out by Company Directors as they are usually not covered under their Employers Liability policy. Drivers Personal Accident cover is also available to cover drivers while driving a company vehicle and it provides cover if they are involved in a Motor Accident.