Group accident insurance – a practical addition
An accident happens quickly – be it because of carelessness, an act of God or malicious mischief by a third party. Statutory accident insurance will cover accidents that occur whilst at work or on the way to and from work. But the insurance cover is usually insufficient and does not offer any protection for accidents that occur to employees during their free time.
Group accident insurance closes these gaps: voluntary additional insurance offers companies the option to comprehensively protect different groups of personnel with different insurance amounts against the consequences of accidents by providing disability cover or death claim payments. Group accident insurance therefore becomes a company benefit that sustainably increases your appeal as an employer.
Protect yourself and your employees everyday
Every company is different, with different operational processes and its own individual risk philosophy. For this reason, Funk devises group accident insurance that is targeted towards a client’s specific insurance requirements. In addition to allowing flexible groups of insured individuals (e.g. the executive board, the field staff or all employees), there are also different types of cover available. For example, it is possible to include cover for accidents at the workplace, layer cover for business trips or 24-hour cover that insures employees against accidents even in their free time. Generally, group accident insurance is valid regardless of other existing personal accident insurance and covers:
- Disability: a fixed sum is paid out after sustained physical injury or mental impairment has occurred as the result of an accident
- Death: a fixed sum is paid to the relevant beneficiaries in the event that the insured individual dies within one year of a work accident as a result of the injuries sustained
Additional costs such as rescue, health treatment assistance, cosmetic operations or restorative measures at the workplace are also covered by the accident insurance.
Professional support that always meets your needs
The risks a company faces are rarely static – and the same applies to accident risk. A changed environment, new company structure or new operating procedures sometimes make it necessary to adjust the accident insurance. As a competent partner of companies from a wide range of industries in all matters concerning risk and insurance management, we check and assess your insurance cover on a regular basis and recommend changes if necessary. And if an employee has an accident, we provide reliable and professional support to our clients throughout the process of claims management and negotiations with insurers and claimants.
Risks
Liability risks
The potential liability of companies varies depending on the industry or clientele. Nevertheless, all companies have one thing in common: even small mistakes can lead to severe losses.
Property damage and BI risks
While property insurance is a basic protection every company should have, the risk of business interruption is increasing steadily as well – especially for globally connected players.
Risks in M&A processes
The M&A market is booming: in a constantly changing market environment, transactions are the key to the success and future viability of companies. But their risks should not be underestimated.
Services
Funk China
Investing and operating outside of China becomes more and more essential for Chinese companies. The Funk China Division supports its Chinese clients in managing the risks, challenges and chances of worldwide outbound investments.
Insurance + risk management
Funk devises and implements holistic risk and insurance solutions for companies across all industries, sectors and countries. In doing so, our experts do not only secure your individual assets but also create genuine added value for your company.
Employee health + benefits
Employee benefits concepts are a sustainable component of a good corporate policy. Funk provides comprehensive, transparent advice with a view towards the long-term advantages for your company and your employees.
