Personal Accident Insurance for Employees

Accidents happen, give your employees peace of mind during stressful times.

Personal Accident Insurance Benefits

Accidents are an inevitable part of life, whether from a fall off a ladder, a slip on the front porch, or an injury from a favorite sport.

Eleos' personal accident coverage provides peace of mind by offering a lump sum to help cover the costs of a covered injury.

Also known as supplemental accident insurance, this plan pays benefits for accidental injuries.

If you, a family member, an employee, or another covered individual experiences a covered injury, becomes disabled, or is unable to work due to an accident, this coverage can assist with medical expenses, lost wages, and other recovery-related costs.

Benefits from approved claims are paid either as a lump sum or through monthly payments.

Why Choose Eleos?

Because we truly understand the impact of accidents.

Accidents happen, and we know how crucial it is to have the right coverage. Our personal accident insurance can help cover health insurance deductibles, copays, and other expenses, potentially saving your employees money in the long run.

Unlike health and life insurance, personal accident insurance is straightforward to secure. At Eleos, we don’t wait for an accident to get to know you and your business. We take the time to understand your specific needs and provide tailored coverage that fits.

We’re committed to transparency and authenticity, delivering solutions that exceed your expectations today and for many tomorrows.

Talk to an Employee Benefits Specialist

Personal accident insurance offers coverage for a range of conditions, but it's important to understand the exclusions, limitations, and other considerations before choosing a policy.

At Eleos, we’ll guide you through all your options, ensuring you get the right coverage at the right price. Our specialists are here to answer your questions and help you make an informed decision.

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What Does Personal Accident Insurance Cover?

Personal accident insurance generally covers a variety of injuries resulting from accidents. Examples of injuries typically eligible for coverage include:

Dental Injuries
Broken Bones
Lacerations
Eye Injuries
Dislocations
Fractures
Burns

Employee Questions, Your Answers

If you’re considering offering personal accident insurance as an employee benefit, your employees may have questions. Here’s a primer to help you provide them with the information they need.

Even the most cautious person isn't immune to accidents.
Most people will face an accident-related injury at some point in their lives. Whether it's you, a child, or an employee getting hurt while doing everyday tasks, accidents are a common part of life.
In most cases, voluntary accident plans provided by employers do not require a medical exam for qualification. Unlike health and life insurance, obtaining this coverage is generally straightforward.
Typically, employer-sponsored accident plans only require current employment with the organization for eligibility.
If your employer doesn’t offer accident insurance as a voluntary benefit, you can usually purchase a plan independently without needing a physical exam.
While health insurance and accident insurance both provide coverage for medical needs, there are key differences between the two.
One significant distinction is that accident insurance benefits help bridge coverage gaps left by health insurance. Accident policies often have broader eligibility for claims, potentially reducing out-of-pocket expenses.
Another advantage of having both types of coverage is their differing benefit structures. Health insurance usually requires you to pay medical expenses out-of-pocket until you meet a high deductible. In contrast, some accident insurance policies have lower deductibles or none at all.
Accident insurance benefits can be used to cover health insurance deductibles and copays, offering additional financial relief. Additionally, accident insurance can cover costs that health insurance may not, such as lost wages if an injury leaves you unable to work.
By combining both health and accident insurance, you can better manage medical expenses and reduce overall out-of-pocket costs.
Disability insurance is another important consideration when planning your coverage, especially when paired with health insurance.
While disability insurance often provides more substantial benefits, these payments depend on an injury or illness that prevents you from working. A supplemental accident policy can help fill this gap by providing benefits regardless of whether the injury is disabling.
A key advantage of combining disability and accident insurance is that accident policies typically do not require an elimination period before paying benefits. In contrast, disability insurance often involves a waiting period of 30 to 90 days before payments begin. Accident insurance can provide immediate financial support, helping to bridge the gap during this waiting period.
The premium for accident insurance can vary based on factors like age, gender, whether the coverage is for an individual or a group, and the size of the employer group. At Eleos, we take the time to understand your unique situation and needs, allowing us to tailor coverage options specifically for you.