Company group accident insurance

With a company group accident insurance policy, employers can increase the insurance coverage of their employees, thereby not only improving the company’s social benefits but also taking advantage of tax benefits. This type of insurance covers many costs related to an accident, as well as any resulting long-term expenses.

Accidents can easily happen at work or on the way to work, and they can have far-reaching financial consequences for both the company and the employee. The company may need to find adequate replacement staff, and the employee may face income losses or even costly home modifications. Statutory accident insurance often does not provide sufficient coverage to handle these costs adequately. Employers can enhance this protection by taking out a company group accident insurance policy, thus improving the social security of their employees.

What makes group insurance special is that companies can obtain it for their employees at particularly favorable rates. Compared to individual policies, significant cost savings are often possible. At the same time, the desired policy details can usually be customized to a high degree, allowing the company to decide which components should be included in the group accident insurance. Benefits might include insurance payouts starting from as little as one percent disability or a lifelong monthly accident pension. Coverage can apply to accidents occurring during working hours, but can also be extended to commuting accidents. Even private-life coverage can be integrated into this type of policy, ensuring that employees receive comprehensive protection.