Accident insurance protects your employees from the unexpected

Empower your employees to be prepared for whatever life throws their way

When employees get injured, it can take a mental and financial toll. Help give your employees peace of mind with access to accident insurance that can help cover the costs of accident care, recovery and even treatment‐related transportation and lodging.

Plan administrators, our secure site helps you do business with us even more easily. Not registered?

How accident insurance works

Increase benefit coverage options without impacting your bottom line

When an employee experiences a sudden covered accidental injury, accident insurance can help them offset unexpected medical expenses that aren’t covered by their medical insurance. Since benefits are paid directly, they can be used to cover things like co-pays and deductibles, making accident insurance a great complement to a high deductible health plan.

Unlike medical insurance, coverage can be entirely employee-paid, so you can offer more benefits without impacting your budget. Everyone wins:

  • Budget-friendly payroll deduction. You can offer accident insurance to employees with no extra billing.
  • Payments are made directly to employees. Accident payments are based upon the type of covered accident, and employees can spend the money how they want.
  • Flexible coverage options. Employees can choose coverage for just themselves, or they can select family coverage for their spouse and children.
  • Guaranteed-issue coverage. Employees can get coverage without answering health questions, depending on the plan they choose.
  • Wellness benefit. Some plans offer a benefit for certain types of health screenings, so employees can be healthier and happier.

Talk with your Colonial Life sales representative to learn how accident insurance can help you offer more competitive benefit packages for your employees and help them prepare for the unexpected.

The average bill for an emergency room visit is $1,349.1

Our accident insurance is designed with both employees and employers in mind

Employers and HR professionals

  • Provide a sound benefits package that can help attract and retain high-performing employees, without incurring additional company expenses
  • Manage the increasing costs of coverage through voluntary benefits and potential savings
  • Simplify the enrollment process for all your benefits, including traditional medical plans, by partnering with our nationwide team of licensed benefit counselors
  • Reduce administrative burden by leveraging Colonial Life’s enrollment solutions and 24/7 support

Your employees and their families

  • Can gain peace of mind so they can focus on health and recovery instead of worrying about paying bills
  • Receive direct benefits (unless they specify otherwise) that can be used however they’d like, regardless of any other insurance they may have
  • Can select coverage options for themselves and/or eligible dependents
  • Some policies are portable, allowing employees to keep their coverage even if they change jobs

Commonly asked questions about accident insurance

What accident insurance products are available?

Colonial Life offers several individual and group accident insurance policies. To learn more about the features and benefits of each one, contact your Colonial Life sales representative.

How do I choose between offering my employees individual or group plans?

Individual and group plans have pros and cons. Your Colonial Life sales representative can help you determine the best fit for your business and your employees.

Pros for individual plans include:

  • Employee-owned and portable, so employees can keep their policies if they change jobs
  • Guaranteed renewable in most states; rates stay stable
  • No particiation requirements or account-level rate increases

Individual plans may have stricter underwriting requirements and have more limited rate flexibility, which leads to potentially higher rates.

Pros for group plans include:

  • Employer-owned, so benefits apply to all eligible employees across state lines (based on situs state)
  • Flexible underwriting with guaranteed-issue options
  • More rate flexibility

Group plans may experience group-level rate increases, and are ported or converted at higher rates. Minimum participation requirements are also common.

What is accident insurance?

Accident insurance pays a benefit directly to employees if they are injured (may be on or off the job depending on the level of coverage) and need treatment, whether they go to a physician’s office, urgent care center or the emergency room.

How much do accident plans pay?

The amount paid depends on the injury and the treatment received, usually a set amount for specific covered injuries or care. There is no lifetime or annual maximum payout.

How can employees use the money paid by an accident claim?

They can use it any way they choose — for monthly bills, co-pays, deductibles or other expenses their medical plan doesn't cover.

I have an employee with a Colonial Life accident insurance policy. Where can they find a copy of their policy?

To view a copy of their policy, update contact information or manage their Colonial Life insurance, employees should log in to their account. If they don’t have an account, they can register here.

Can employees keep their accident coverage if they leave their job?

For individually owned policies, yes. When their current employment ends, they will receive a Continuation of Coverage letter from Colonial Life with instructions on next steps. They will need to change their payment method to direct bill, which means they pay Colonial Life directly instead of paying through their employer. To learn more and begin this process, employees can download the Conversion Request Form.

THIS IS A LIMITED POLICY.

1. Agency for Healthcare Research and Quality, “National Health Care Expenses in the U.S. Civilian Noninstitutionalized Population, 2010: Statistical Brief #396” (2013).The most recent source of its kind.

Take the next step