The group health insurance plan of your company can include Accidental Death and Dismemberment (AD&D) coverage which helps pay lump sums in the event of a serious workplace accident that is fatal, or causes permanent injury/disability, or specifically, dismemberment. Baroda Group Michigan Insurance Agency provides AD&D insurance which, unlike workers' compensation, rounds out the comprehensive accidental death insurance package for your employees.
Your plan may include coverage for employees and dependents and usually applies in the event of an injury, paralysis or death resulting from a covered accident.
Baroda Group LLC AD&D plans can be customized with a range of options that include:
- Loss of life
- Loss of speech
- Hearing loss
- Loss of a limb (arm or leg)
- Loss of thumb or index finger on either hand
- Loss of movement (Quadriplegia or Paraplegia)
If your insured employee suffers an accidental injury or death that is covered by an AD&D policy, Baroda Group LLC will provide the employee's beneficiary with payment that is based on the coverage amount. With access to a wide range of carriers, Baroda Group LLC specialty designed plans offer services that are customized according to the insurance needs of your business.
According to a recent study by the Centers for Disease Control and prevention, loss of life from unintentional injuries is the 5th leading cause of death for Americans behind heart disease, cancer, respiratory conditions and strokes. Ensure you are protected with customized coverage.
No employer ever wants to think about the horrific scenario of an employee being dismembered or fatally wounded. It is hard to even imagine the difficulty of knowing that if things had been different, then the person would be fine and there would not be a family devastated by loss and grief. However, the only thing you can do for them is to make sure that they are taken care of and are not under financial duress.
Choosing AD&D insurance should not be confused with including Life insurance in the health coverage of your group plans. Consult with a Baroda Group LLC expert to decide which insurance options are best suited to your needs.