What is life or accident insurance?
Life or accident insurance is the contract that covers the risks that may affect the existence and/or integrity of the people of the organisation, and by which the beneficiary will be compensated, mainly in the event of death.
Coverage features
It may be the case that it is compulsory by collective agreement, depending on the sector of activity, in which case the capital indicated in the agreement must be contracted. However, it may not be mandatory, but rather a benefit granted by the company to its employees that provides support, certainty and peace of mind in case of unforeseen events such as death or total and permanent disability due to any cause or accident. In this case, the capital and coverage to be contracted will depend on the policyholder.
Taking out life or accident insurance for employees can be a good tool for attracting talent, as well as a way of retaining it.
Coverage can be 24 hours a day or only during working hours.
The beneficiaries are those persons previously designated by the policyholder or, if not, their legal heirs.
How do we work life or accident insurances?
Before taking out the policy, the O. Brokers team analyses and studies the specific features of the company to find out what cover it should provide.
In some cases, the collective agreement makes it mandatory to take them out, with capital levels that can be fixed or a percentage of the gross salary. In the case of voluntary contracting, we discuss with the company what it wishes to offer in order to find the most suitable offer.
Once this analysis has been completed, we study their case with different companies in order to find the proposal that best meets their needs, while checking that the capital is adequate.
We are proactive in working closely with clients to ensure that life or accident policies are always up-to-date according to any new activities or new agreements into which the company is entered.
- Life: Death, total or absolute disability or severe disability for any reason.
- Accidents: Death, total, absolute or severe disability due to accident.
- Death or disability due to a road traffic accident
- Burial expenses
- Retirement
- Daily allowance for hospitalisation
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