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Why You Should Consider Purchasing Occupational Accident Insurance

Why You Should Consider Purchasing Occupational Accident Insurance
The statistics for work-related injuries are shocking. 2.3 million people die every year due to work-related accidents and injuries. Outside of the deaths, there are 340 million work-related injuries and 160 million work-related illnesses that take place each year. If you are not covered with a workers' compensation policy and still want to be insured in case something goes wrong, occupational accident insurance may be for you.

How Does Occupational Accident Insurance Protect You?

This type of insurance provides coverage to employees who are injured or killed in a job related incident. It stands as an alternative to workers' compensation and can be extremely appealing due to its much lower cost.  Occupational accident insurance is about 50% cheaper than workers' compensation. If your company does not need all the benefits that a comprehensive workers' compensation policy provides, this type of insurance may be your best option.


While occupational accident insurance is much cheaper than workers' compensation, it does come with drawbacks. The biggest of these drawbacks is the fact that occupational accident insurance does not cover legal expenses. Because of this, business owners need to be aware that they are assuming a certain amount of financial risk by using this type of insurance. As the owner of a business, you need to insure your employees in case any of them are injured or killed at work. Occupational accident insurance can be a great alternative to workers' compensation if you don't need all the benefits that workers' compensation provides.