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September 24, 2019
Accidental Death & Dismemberment (AD&D) Insurance helps pay a lump sum in the event of a covered accident. Specifically, these covered accidents are ones that could not be foreseen and are fatal or dismembering. Deaths that come due to prior medical conditions are not covered under this accidental death and dismemberment policy. hy Employees Need Accidental Death & Dismemberment Insurance
Unlike Workers’ Compensation, which covers only work-related accidents, AD&D insurance applies wherever covered accidents happen, such as at home or on the road. Along with life, disability and critical illness benefits, AD&D insurance can help round out a comprehensive benefits package. Access to a full range of protection solutions can help attract and retain top employees.
Accidental Death & Dismemberment insurance policies (AD&D) provide benefits for covered accidents that result in fatality, paralysis, the loss of a limb, eyesight, hearing, speech and more. An AD&D plan may include coverage for employees only or employees and dependents and typically provides 24-hour coverage no matter where a covered accident occurs, whether at work, home or away for:
AD&D applies in the event of a covered injury, paralysis or death resulting from a covered accident, There are plenty of plan options available.
Benefits are payable for losses that occur within 365 days of the covered accident.
Plans are available on an employer-paid, voluntary and standalone basis.
A variety of options are available to choose from, including high coverage limits and no medical underwriting necessary.
In addition to the standard AD&D plan, there are enhanced and premium plan designs and services that can be customized to best suit the specific needs of each company. The following optional benefits are also available with AD&D Insurance:
TriState Business Insurance makes it easy for brokers and employers to find the right coverage. Connect with us today.
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