Employees are a key asset and resource for any business and it is important that businesses realise the value of investing in adequate accident insurance for them in light of this.
Hollard Botswana’s Group Personal Accident Insurance offers protection for your business with Accident Insurance that includes accidental injury, death or disability for all employees during the length of their employment.
You can personally select your benefits based on earnings or fixed amounts, and Hollard Accident and Disability Insurance can be tailored to working hours or 24-hour days.
The Group Personal Accident policy covers injuries to the insured personnel as a result of an accident. Various benefits can be added to include illness cover upon application of the policy. Benefits are based on either earnings or fixed amounts and are payable to the insured, i.e. the employer, not the employee. The employer can then choose to distribute the amount payable in the event of a claim.
If there are no dependants involved, the death benefit could be used to cover retraining or recruitment; however, where there are dependants, the employer will be in a position to choose to pay a percentage to the family and use the balance for business costs incurred.
Should the employee suffer a permanent disability as a result of the injury, the benefit could be used to cover the costs of a prosthetic device – if needed – or for rehabilitation depending upon the degree of disability.
In the event that the insured employee is temporarily disabled and can’t fulfil their job duties, the employer can claim the earnings that he has paid to the employee.
The medical expenses benefit will reimburse the insured for any medical costs incurred as a result of the accident, including emergency transport.
Our policy wording can include various extensions such as:
Optional extensions that may be provided at an additional cost:
Group Personal Accident Insurance is vital should your business efficiency depend on your employees.
*Policy terms and conditions apply.
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