Occupational accident insurance is a type of insurance coverage designed to provide financial protection for independent contractors, owner-operators, and employees who are not covered by traditional workers' compensation insurance. It covers work-related injuries and accidents, offering benefits such as medical expenses, lost wages, disability benefits, and death benefits up to the policy limits

. Key features of occupational accident insurance include:

• It is primarily aimed at independent contractors or 1099 workers who are typically ineligible for workers' compensation coverage

• It covers medical costs related to workplace injuries, wage loss due to temporary or permanent disability, rehabilitation expenses, and accidental death and dismemberment benefits

• Unlike workers' compensation, occupational accident insurance is usually a voluntary, private policy and is not state-mandated or regulated

• It tends to be more cost-effective, often costing 30% to 50% less than workers' compensation insurance, making it attractive for small businesses and contractors

• It does not typically include employer's liability coverage, which protects employers from legal costs related to workplace injuries, a feature usually found in workers' compensation policies

Occupational accident insurance is especially common in industries like trucking, courier services, healthcare staffing, and other sectors where independent contractors are prevalent

. In summary, occupational accident insurance provides a tailored, often more affordable alternative to workers' compensation for those not covered by the latter, focusing on covering medical and wage loss costs from work-related injuries but with some limitations compared to workers' compensation