Personal Accident Cover

Do I need personal accident cover as a Freelance Contractor?

Accidents are an unwanted addition to everyday life, many of which can sourced back your occupation. These accidents can result in temporary or permanent disability, or even loss of life. Most accidents will occur without warning therefore the more prudent Freelance Contractors, will ensure the necessary provisions are in place for such an incident and its consequential affects. Along with Contractor Liability Insurance and Contractor Professional Indemnity Insurance, an occupational accident insurance might just be the answer you need.

What does this insurance cover?

If you are injured as a result of an occupational accident and are unable to work, then you are likely to suffer financial loss. Your employment status as a Freelance Contractor means you will be more than likely have no other person to hold responsible. Regardless of blame, Personal Accident cover will pay you a weekly benefit whilst you recover from your injury. In addition lump sum payments are payable for death or permanent disability resulting from an occupational accident.

Example Claim

Incident - A Freelance Contractor Engineer is using testing machinery, he/she catches his/her wrist in a machine and damages tendons. He/She requires surgery and is unable to work for 16 weeks.
Result - Insurers would pay a weekly sum (temporary total disablement benefit) in accordance with the policy terms.