Accidents, by definition, are unintentional and unexpected. No matter how careful you are, how many precautions you take or how many plans you make in life, no one is completely immune to a potential accident.
According to the CDC, unintentional injuries were the third leading cause of death in the U.S. in 2017, with 49.4 deaths per 100,000 people1. And according to the National Safety Council, “unintentional injuries are the number one cause of death from infancy to middle age”2.
Although accidents can be unavoidable, the good news is you can prepare for the aftermath of an accident. Many insurance companies offer various forms of accident insurance, from certain losses resulting from a covered accident to death that occurs as a result of a covered accident. This type of insurance can help ease the financial burden that happens when life doesn’t go as planned.
Supplemental insurance offerings can be part of an effective strategy to provide protection and value for employees at an affordable cost.
Accident Insurance for Small Businesses
So if the fact remains that accidents happen, the best option may be to financially prepare for one. Many companies offer accident insurance to their employees, and it is available for many small business employees, often offered as supplemental insurance through an insurance company.
According to bizjournals.com, “Supplemental insurance offerings can be part of an effective strategy to provide protection and value for employees at an affordable cost” 3.
By having voluntary supplemental insurance available to employees, small business owners can keep their businesses attractive to skilled workers. That’s because when workers have options to help protect themselves and their families with products like accident insurance, they may be more likely to join or remain at a small business.
- “Mortality in the United States, 2017,” Sherry L. Murphy, BS, Jiaquan Xu, MD, Kenneth D. Kochanek, MA, Elizabeth Arias, PhD
- “Unintentional Injuries are the #1 Cause of Death from Infancy to Middle Age,” National Safety Council
- “Why offering supplemental insurance is a solid business strategy,” The Business Journals