Three important things to know about occupational accident insurance

Being protected while on the job through occupational accident insurance is important. Employers and employees in Portland, OR can benefit from the occupational accident insurance policies we offer at Choice One Insurance Inc.

The following are three important things to know about occupational accident insurance:

Occupational accident insurance combines aspects of workers’ compensation and long-term disability. 

Unlike workers’ compensation insurance, occupational accident insurance is a private type of insurance that is not state-administered or required by law.

Occupational accident insurance covers expenses like lost wages and medical bills after a workplace accident. Occupational accident insurance can offer features such as permanent total disability coverage, a survivor’s benefit in the event of an accident resulting in death, and accidental dismemberment benefits. 

Occupational accident insurance can benefit independent contractors in particular.

The biggest difference between occupational accident insurance and workers’ compensation insurance is that occupational accident insurance focuses in particular on protecting independent contractors.

Independent contractors often do not get workers’ compensation insurance coverage. Employers can purchase occupational accident insurance so that they can offer protection to their independent contractors. 

Occupational accident insurance often offers the advantage of more flexibility than workers’ compensation insurance plans.

Occupational accident insurance tends to offer more flexibility since it is not state-administered. This gives employers the ability to devise policies that best cover the unique injury risks of their industries.

Employers have to make numerous choices about what types of coverage they want to include in their occupational accident insurance policy. 

Reach Out To Us

We can help you explore your occupational accident insurance options in Portland, OR at Choice One Insurance Inc. Get in touch with us to learn about the policy options we provide. We can also offer you a quote on an occupational accident insurance policy.