Accident Insurance Provides Added Benefits

Accident Insurance Provides Added BenefitsAs the back to school season draws near, parents everywhere are breathing a huge sigh of relief. Soon the kids will be back to their daily routine of classes, homework, and extracurricular activities, and the parents can go back to working and trying to keep up with the kids.

But with all this running around, an accident is likely to happen. According to the National Safety Council, every 10 minutes, more than 700 Americans suffer an injury severe enough to seek medical help. And with the high cost of medical care today those accidents have the potential to drain your coverage and hurt your bank account.

Accident insurance is a type of voluntary benefits that provides tax-free, cash benefits for any out-of-pocket healthcare expenses resulting from a non-work-related injury. Covered accidents can include the following:

  • Broken bones/fractures
  • Burns
  • Torn ligaments
  • Cuts repaired by stitches
  • Coma due to a covered injury
  • Eye injuries
  • Ruptured discs
  • Concussions

For employees who sign up for accident insurance when offered through their employer, coverage is payroll deducted, meaning a small amount is withheld from each week’s paycheck. At the time of an accident, a lump sum is paid out to the insured. You can then decide to spend the cash benefits however you see fit.

For more information on voluntary benefits, contact McGrath Insurance Group at 800-342-3859 or visit our website at

*This article is written for informational purposes only and should not be construed as providing legal advice.