What are the benefits of workplace accident insurance?

It’s a well known fact that employers have a legal (and moral) duty to keep their employees safe in the workplace. That is why there is an emphasis on risk assessments, Health and Safety procedures, training and protective equipment in modern workplaces. However, sometimes things do go wrong. Accidents happen. If, as an employee you are injured due to your employer’s negligence, there are some steps that you can take to improve your position. These include a claim for compensation and a workplace accident insurance policy (before the event).

Most employers are legally obliged to have their own employers liability insurance in place, to cover such claims for compensation. However even if you manage to make a successful claim for compensation, the amount awarded may not be enough to allow your family the same lifestyle that you had before your accident.

This is where workplace accident insurance comes in. Some insurers will provide cover for a certain amount, to be paid out in the event of a workplace accident. The higher the amount you need cover for, the pricier the insurance premium.

Other factors which influence how much employees will pay for cover include the nature of the industry they work in. So the riskier your industry, the more your cover will cost. Employees in some sectors (like volatile chemicals and nuclear power) may find that they find it more difficult to obtain cover, or cover at a reasonable price, than people in safer jobs.

Finally, you will have to answer a questionnaire about your workplace’s safety history before you are granted workplace accident insurance. It is important to state all of the information that you know about this issue because if the insurer discovers that you were aware of anything that you did not disclose on the application form, they could void the policy and refuse to pay out.

The main benefits of having workplace accident insurance are peace of mind and financial security. However, as with all financial services decisions, you should take professional advice from someone who is qualified to comment on whether this cover is really necessary for someone in your circumstances. The cover might be included in another policy that you already have.

People often review their insurance portfolio when something “big” happens in their life, like a marriage or the birth of a child. The proceeds of a workplace accident insurance policy could go towards maintenance for someone who is dependant on you, so you need to consider carefully whether this is a policy that you need.

Workplace accident insurance is not your only option after an accident at work. Call 100% Compensation for a free assessment of your claim. You could be entitled to thousands of pounds, so telephone our claims hotline to learn how to start proceedings.

1. Fill in the 2 minute 'Free Online Claim Assessment Form'
2. Contact us on any of the following numbers: 08707 02 02 02 or 0800 292 2182
3. Email us at accidenthelp@100percent-compensation.co.uk or
4. Fill in the call back form and we shall call you back at your convenience.

Please note the service we provide is confidential and it won't even cost you for trying.

"Great communications, in easy to understand language. Friendly and efficient.

I would recommend with confidence."

Y. B. Lincolnshire

"Excellent service. Achieved claim rank 5 in 6 days !!!"

W. A. Leeds, Yorkshire

"I'm very pleased with 100% Compenstation, everything is going along smoothly and I've been treated very well. Everything has been made easy and the solicitor was very nice and understanding."

C. H. Skelmersdale