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.

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.

Coverage can be entirely employee-paid, offering a way to expand coverage options for employees without impacting your budget. Everyone wins:

• Flexible coverage options. Employees can choose coverage for just themselves, or they can select family coverage for their spouses and children.
• Benefits are payable directly to employees (unless otherwise specified). Accident payments are based upon the type of covered accident, and employees can spend the money how they want.
• No medical underwriting to qualify for coverage. Employees can get accident coverage without answering health questions.
• HSA-compatible. All accident plans are HSA-compatible.
• Annual wellness benefit for routine examinations or other preventive testing encourages proactive health management. 1
• Additional benefit provisions 1 available may include Active Lifestyles, Behavioral Health Therapy, Personal Safety Benefit, and a Building Benefit that increases the value of coverage over time.

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.

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 benefit counselors
• Reduce administrative burden by leveraging Colonial Life enrollment solutions and 24/7 support

Your employees and their families

• Can focus on health and recovery and worry a little less 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

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.

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 participation 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 No Medical Underwriting to qualify for coverage 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.

Accident insurance provides 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.

The amount payable depends on the injury and the treatment received, usually a set amount for specific covered injuries or care.

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

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.

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.

Take the next step

1. Employer-optional benefits. Not available in all states.

THIS INSURANCE PROVIDES LIMITED BENEFITS.

This coverage is a supplement to health insurance. It is not a substitute for essential health benefits or minimum essential coverage as defined in federal law. Insureds in some states must be covered by comprehensive health insurance before applying for accident insurance.

Applicable to policy forms Accident 1.0-HS, Accident 1.0-NS, GACC1.0-P, GAC4100-P, IAC4000 and PYWOL (including state abbreviations where used, for example: Accident 1.0-HS-TX, Accident 1.0-NS-TX, GACC1.0-P-TX, GAC4100-TX, IAC4000-TX, and PYWOL-TX).

This page is pending approval in New Mexico, Oregon and Washington.

Insurance products are underwritten by Colonial Life & Accident Insurance Company, Columbia, SC. This information is not intended to be a complete description of the insurance coverage available. The insurance or its provisions may vary or be unavailable in some states. The insurance has exclusions and limitations which may affect any benefits payable. For cost and complete details of coverage, call or write your Colonial Life benefits representative or the company. An insurance producer may contact you.

© 2024 Colonial Life & Accident Insurance Company. All rights reserved. Colonial Life is a registered trademark and marketing brand of Colonial Life & Accident Insurance Company. NS-15375-1

Insurance products are underwritten by Colonial Life & Accident Insurance Company, Columbia, SC. This information is not intended to be a complete description of the insurance coverage available. The insurance or its provisions may vary or be unavailable in some states. The insurance has exclusions and limitations which may affect any benefits payable. For cost and complete details of coverage, call or write your Colonial Life benefits counselor or the company.