The employees of any organization are its greatest asset. The productivity of the business organization depends on its talented workforce, and to ensure better productivity, the first factor is employee satisfaction. Keeping your employees happy is the key to seeing growth in your business, and it can be done by offering various kinds of privileges. A group personal accident product might show your employees how much you value them. It also shows the company’s support to them in case any mishap happens.
Group personal Accident Policy
Today’s world is full of ambiguity and uncertainty. It makes it of utmost importance for companies to get a group personal accident policy for their employees. You may be wondering what it is. It is a group health insurance plan, which provides protection against the unexpected turn of events such as injuries, disability, or accidental death of the employees. It offers a significant amount to the employee based on the severity of the injury. The policy is renewable yearly. Some injuries that it covers are the following:
- Hearing loss
- Broken bones
- Injury to any body part
- Burns of second or third-degree
The best feature of this policy is that it applies every single minute of your life no matter where you live around the world. It means even if the corporation employs people from foreign locations or those who travel a lot, a personal accident policy is always beneficial.
Why does your company need a group accident policy?
Employers have a legal obligation towards the safety, health, and overall well-being of their employees while on working duties. A group personal accident product helps your business in the following ways:
- Avoiding the reputational damage to the company
- A solid foundation to people risk management strategy
- It shows the commitment of the employers towards the safety of their employees
Things covered by group personal accident policy
Some benefits of the group personal accident policy are the following:
- Accidental death
- Medical expenses due to accidents
- Permanent disability
- Partial disability due to accidents
- Hospital expenses
- Funeral expenses
There are also additional coverages like trauma counseling benefits and child education supplements. The policies also extend to include the immediate family members of the employee who are traditionally under-insured.
If an employee goes through income loss because of illness, it is also covered in the policy. It supports the group members going through medical treatments, making them unfit to work.
To find the best insurance policies out in the market, you can contact Expat Insurance and build an unbreakable bond with your employees.