If you’re like most businesses, you offer health insurance to your employees. But what about accident insurance? Offering accident insurance as a benefit can be a great way to protect your employees and your company. Here are just a few of the advantages of providing accident insurance plans:
Protects Employees
No one goes to work expecting to get hurt, but accidents can happen anytime, anywhere. That’s why having accident insurance is so important- it protects employees in the event that they are injured on the job. If an employee is hurt in an accident, their medical bills will be covered, giving them peace of mind during what is likely to be a stressful and difficult time. In addition, accident insurance can help cover lost wages if an employee cannot work while they recover from their injuries. Accident insurance is an essential piece of any workplace safety plan.
Reduces Business Costs
Most businesses are required to carry workers’ compensation insurance, which covers the cost of medical care and missed wages for employees who are hurt on the job. However, accidents can happen outside of work as well. If an employee is involved in a car accident, the business may be responsible for covering the cost of medical bills and lost wages. Accident insurance can help offset these costs, providing financial protection for companies in the event of an accident.
Workplace accidents can quickly turn into expensive workers’ compensation claims. Not only do these claims take up valuable time and resources, but they can also result in significant financial losses. Fortunately, accident insurance can help businesses avoid the hassle and expense of dealing with workers’ compensation claims. Accident insurance can help companies protect themselves from workplace accidents’ financial impacts by covering medical expenses and lost wages. And with coverage options designed to meet the specific needs of businesses of all sizes, there’s no reason not to have this crucial protection in place.
Improves Your Value as an Employer
As an employer, one of the most valuable things you can do for your employees is offering accident insurance. This category of insurance provides financial protection for employees injured on the job, and it can also help companies attract and retain employees. In today’s competitive marketplace, offering quality benefits is one of the most effective ways to retain talent. By providing accident insurance, you’ll be sending a clear message that you’re committed to supplying your employees with a safe and healthy work environment. In addition, accident insurance can help to reduce absenteeism and workers’ compensation costs. As a result, investing in accident insurance is helpful for your business, employees, and bottom line.
At Employee Retention Benefits (ERB), we specialize in helping companies bring the best accident insurance plans to their employees. We work with over 120 insurance carriers to find the right fit for each client, and our knowledgeable staff is always available to answer questions and help employees enroll in the plan that best meets their needs. We’re committed to providing outstanding service, and we’re proud to say that we’ve helped countless companies save money on their accident insurance premiums.
