A Short Guide To Occupational Accident Insurance

If you run a business that has employees, there is always the chance that one of your workers could be seriously injured or killed while on the job. When this occurs, it can be devastating for a business and can result in expensive legal fees, medical bills, and salary payments while the worker is recovering. Because of this risk, it is vital that you have some sort of coverage for your workers. This is where occupational accident insurance comes into play.

What Is Occupational Accident Insurance?

Occupational accident insurance is a type of insurance coverage that offers benefits to independent contractors and employees who are not covered under a workers’ compensation policy. Many people view it as an alternative to workers’ compensation insurance.

Occupational Accident Insurance Vs Workers’ Compensation

Occupational accident insurance is often compared to workers’ compensation since they offer coverage for similar things. One is not better than the other, they are just different. Occupational accident insurance is generally less expensive than workers’ compensation but the latter offers more coverage.

If you run a business that employs workers, it is vital that you have some kind of insurance coverage for them. Occupational accident insurance can save you a lot of money in the long run if one of your workers is injured or killed while on the job.