Accident insurance, other than where cover already falls under an Asset insurance section such as Motor, Business All Risks, Goods In Transit or Electronic Equipment, is provided under three separate sections. These are Accidental Damage to Assets, Accident to Persons (Group Personal Accident) and Accident to Glass.
Accidents to Persons and Property
Everything was fine a second ago
Accident to Persons Group Personal Accident
It is a known fact that human resources are integral to the success of any business and it follows that these resources should be protected and insured as far as possible.
Commercial short term insurance policies are able cover eventualities like death and permanent disability, including few other insured events, following accident to insured persons.
This can either be facilitated on salaried earnings (usually called Stated Benefits in the policy) or on a per person basis, for key individuals (usually called Group Personal Accident in the policy).
General Information Only
Chadwicks provides general information about insurance. The cover suitable for you depends on your contractual responsibilities and specific risks and is determined by the policy wording, schedule and endorsements, including all relevant terms, conditions, exclusions and limits. Please review these documents with your broker or insurer before making any insurance decisions.
Accident to Glass
Fixed glass needs to be specially insured for accident.
In terms of setting the sum insured, it is simple case of contemplating the highest financial loss you would envisage following accidental damage to glass from an event.
Accident to Other Property
The assets you insure under Fire are essentially only covered for Fire and Storm. Accidental damage for these assets can be purchased, usually providing that the assets can be specifically insured for accidental damage under another section of the policy (other than Business All Risks), for example, Electronic Equipment, Machinery Breakdown, Glass, Motor etc.