Why You Should Add Accident & Health To All Your Client Coverage Policies
Most people think if someone is injured while they’re at school, in a child care facility, at summer camp, participating in a college activity, working out at a fitness club, or at a youth sports event, any medical expenses incurred will be covered under an existing workers’ compensation or liability insurance policy. While this may be accurate in some cases, it’s not always true. Having group accident insurance coverage can give your clients an extra layer of security and true “peace of mind.” It’s a great way to ensure your clients have a comprehensive insurance policy that goes above and beyond traditional insurance coverage.
By offering your clients group accident insurance coverage, it can be clear that you care about their financial well-being and understand their needs and the liabilities they face every day. It can strengthen the business relationships with your clients because group accident insurance coverage could potentially save them from paying a lot more for claims than if they only had a general liability insurance policy. This could make them thankful you’re their agent or broker, and it could truly separate you from the competition. It doesn’t take a lot of time and effort to add this to your client’s existing policy and, more importantly, it’s a smart thing to do, and it could show your client that you have their best interest at the forefront.
Many insurance agents and brokers tell us that helping their clients find solutions for the daily liability risks they face is one of the best parts of their job. Group accident insurance coverage can provide you with an opportunity to do just that – and it’s coverage that is beneficial for many organizations.
What Organizations Does it Cover?
Those in the following industries are excellent candidates for group accident insurance coverage:
- Child Care
- Kids Camps
- After School
- K-12 Schools
- Youth Sports
- Collegiate Activities
- Health & Fitness
What Does Group Accident Insurance Cover?
If an accident occurs at an event, camp, during a youth sports or collegiate activity, at or after school, or at a health club or non-profit business, group accident insurance coverage is there to help cover costs for participants as well as volunteers. Even if there is an existing liability insurance policy in place, a group accident insurance policy could pay, regardless of the circumstances or fault.
Some of the types of medical services that group accident insurance covers include:
- ER Visits
- Crutches, Casts, Braces
- Diagnostics, Lab Tests
- Hospital Stays
- Other Services
Who Does Group Accident Insurance Cover?
Group accident insurance can cover injuries that occur from slips, trips, or falls that can cause cuts or contusions, concussions, sprains, burns, broken bones, and more. From athletes to other participants and volunteers, a group accident insurance coverage policy could cover:
Want to Learn More? Contact Us Today!
At pomi, our goal is to provide value to the businesses and organizations that buy our policies. We also know that helping our agents and brokers grow their business by strengthening their client relationships through high-quality insurance services is important. Group accident insurance coverage can help you provide a valuable insurance product solution, increase your revenue, build and maintain client relationships, and establish new client connections and business.
Selling group accident insurance coverage from pomi could help you and your client achieve financial goals. If you’re ready to learn more about how pomi can help you help your clients, send us a message, schedule a zoom chat on our contact page, or email us at [email protected]
These posts are for informational purposes only and should not be considered as specific financial, legal or tax advice. Depending on your individual circumstances, the strategies discussed in this post may not be appropriate for your situation. Always consult your legal or tax professionals for specific information regarding your individual situation. Policies are underwritten by Great American Insurance Company, an authorized insurer in all 50 states and the DC. © 2021 Great American Insurance Company, 301 E. Fourth St., Cincinnati, OH 45202. All rights reserved. Please see Great American Insurance Company’s Legal Disclosures/Terms and Conditions here.