Accident and Sickness Insurance

What is Accident and Sickness Insurance?

While the types of insurance that an individual may need can vary depending on their specific circumstances, there are four main types of insurance that many financial experts recommend that everyone should consider having.  These policies include:

  • Health Insurance
  • Life Insurance
  • Auto Insurance
  • Long-term disability

Accident and Sickness Insurance, also known as Disability Insurance, is a type of insurance policy that provides financial protection to individuals if they are unable to work due to an accident or illness.

Who can benefit from this policy?

Although this policy can certainly be useful for individuals who work in jobs that require them to travel frequently, such as truck drivers or sales representatives, accident and sickness insurance is designed to provide financial protection to anyone who relies on their income to meet their living expenses such as:

  • Employees – especially sole earners
  • Self-employed individuals
  • Stay-at-home parents
  • Individuals with pre-existing conditions

What are the Benefits of Accident and Sickness Insurance?

  • Accident and sickness insurance policies can be purchased by individuals or offered as a benefit by employers.
  • The coverage provided by these policies can vary, but they typically cover a wide range of illnesses and injuries, including both short-term and long-term disabilities.
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Further Reading 
You've heard the old adage about people not learning from history being doomed to repeat it? This is certainly applicable to the safety programs of businesses. If accidents are to be avoided, the business must learn how and why they happen in the fir...
OSHA's "Interim Enforcement Procedures" Prioritize Its Responses to Reported Accidents, Calling for Inspections in Some Cases and Submission of the Employer's Own Accident Investigation Report in Others   ...
The first few moments following an auto accident can be an extremely confusing, emotional, and frightening time. As such, it can be difficult to know what accidents need to be reported and what your insurance might require. There are some types of ...
Webster, defines “accident” as “an undesirable or unfortunate happening that occurs unintentionally and results in injury, damage, or loss.” Accidents cost the construction industry hundreds of lives, thousands of injuries, and hundreds of millions ...
In the recent case of In Re: the Compensation of Mary S. Sandberg, an Oregon court overruled the Workers Comp Board and held that a JC Penney decorator, who was allowed to work from home, was covered by her Workers Comp policy when she tripped over h...