Group Personal Accident Insurance

A Group PAS policy can cover:

• death;
• permanent disablement;
• loss of an eye;
• loss of a leg, foot or toe;
• loss of an arm, hand, finger or thumb; and other specified injuries or accidents.

Group Personal Accident policies can also usually have three additional benefits:

• When it comes to medical expenses, through your Group Personal Accident Insurance cover you can often claim back a pre-stated percentage of costs incurred as a result of an accident.
• Unable to work due to illness or an accident? With Group Accident Cover there will usually be a short-deferred period (e.g. four weeks) during which no benefit is payable. There will also be a maximum number of weeks benefit is payable, perhaps 26, 52 or 104 weeks. The benefit will probably be a fixed sum not related to earnings.
• Some Group Personal Accident and Sickness policies extend cover to a spouse or the children of the claimant (up to age 16 or 18), although this could be restricted to accident cover only.

Group Personal Accident Insurance can be obtained to guard against the financial effects of the loss of your employee’s services if they suffer an accident. The policy is in place to assist your business with recruiting and then training new members of staff should you choose to bring in temporary replacements for while your employee is recovering from an accident.

As always, if you require further information about any of the policies or types of group personal insurance cover we offer, please get in touch with one of our experienced IFA’s here at Rigby Financial.