Voluntary accident insurance is a type of supplemental employee coverage that addresses costs associated with unexpected injuries or illnesses. It is offered by an employer but paid for by employees via payroll deduction. The insurance pays a benefit directly to the employee for treatments or injuries resulting from a covered accident. It can help employees pay for unexpected costs that may result from an accident, even if they already have medical coverage. Accident insurance is also known as accident expense or accidental death insurance.

Here are some reasons why accident insurance may be worth considering:

• Accidents can happen at any time, potentially resulting in unforeseen medical bills, transportation costs, and other expenses.
• Even the best health insurance could leave you with unexpected costs.
• Accident insurance helps mitigate the financial burden an accidental injury can bring, helping you focus on your recovery.
• Many plans come with ancillary benefits for limb loss, accidental death, paralysis, or blindness. Having that extra protection can keep you (or your loved ones) from taking the full financial impact of a serious accident.
• Many employers offer accident insurance as part of their benefits packages, making it easy to sign up. If you have access to it through your employer, you can potentially save money on premiums.