Unfortunate events can happen anytime, anywhere. Accidents are not predictable, but they are preventable. However, sometimes regardless of how you try to keep yourself safe, the unexpected may come along. Whether it’s health-related or work-related, accidents can happen when you least expect them. During these challenging times, a reliable insurance plan can keep you financially protected. There are several types of accident insurance companies out there. As such, it might be difficult to pick out once that suits your needs. To help you out, here are a few of the most common accidents that insurance companies cover. (Image Credit: Joyce Campos/Pixabay)
1. Accidents at the Workplace
Did you know that on-the-job injures occur every 7 seconds? These injuries can vary from just a light sprain and cuts to lacerations and punctures. What is even more alarming is that over 2.3 million people die each year due to work-related accidents. With these deeply shocking statistics, it’s inevitable to worry about your own work safety. Report workplace injuries to your insurance provider immediately. This helps avoid compensation delays. In the occurrence of work-related accidents, your insurance provider will cover the cost of your medical bills ensuring that appropriate treatment will not be delayed. Coverage may include medical care, sickness benefit, disability pension, and survivor’s pension.
2. Road Accidents
Around 1.35 million people from all over the world suffer from injuries caused by road crashes. In 2019, the state of Kentucky alone recorded over 700 road accident fatalities. Road traffic accidents are one of the most common causes of accidents and injuries. They are also one of types of accidents insurance providers can reimburse. If you or your loved one gets involved in a car accident, it is best to contact your insurance provider right away. It is also best to consult a lawyer through their website so you know your legal rights for compensation. This will also ensure that you will get the full compensation you deserve. Coverage may range from the cost of vehicle repair or replacement, as well as lost wages, injuries, permanent disabilities, and many more.
3. Slip, Trips, and Falls
Every year, around 9 million people require emergency services due to slip or fall accidents. Slip, trips, and fall accidents are the types of accidents that occur when you suffer from an injury due to dangerous elements in another person’s property. To become eligible for a slip and fall claim, you must prove that the landowner has caused the unsafe condition in the property which led to your accident. Unsafe conditions may vary from debris, wet floor, damaged sidewalk, and many more.
You must also prove that the owner did not set up any form of warning of the unsafe condition within their property. It is also best to assess the worth of your slip and fall claim so that you will be able to receive the right amount of compensation. This type of claim usually covers present and succeeding medical bills (if applicable), loss of wages, pain and suffering, loss of earning capacity due to disability, and other forms of incidental expenses.
4. Medical Negligence Insurance
Medical malpractice or negligence insurance protects physicians from liability claims of injuries or fatalities caused by medical malpractice. In general, there are two types of insurance policies for this type of accident: occurrence and claim-made. Occurrence policies cover accidents that occur while the policy is still active. On the other hand, claim-made covers accidents that have been reported while you are still covered by medical malpractice insurance.
As there are different types of coverage, it is best to double-check if your insurance applies to your practice. Some factors to be considered when shopping for medical negligence insurance is the policy coverage, fiscal soundness, and feedback of other healthcare workers. It would also be best to check the insurance policy’s coverage for defense costs as this is very vital for this type of accident.
There are several more accidents that insurance companies should take care of. The above mentioned are just the most common incidents that require reimbursement. As each insurance provider differs in policies and services, it is best to do your research ahead of time so you can find the one that suits you best. Should you find yourself involved in any type of these accidents, seek expert advice. Legal experts will ensure your rightful compensation.