Published July 21, 2020
Last updated April 19, 2021
Your employees come to work every day to support you, so you want them to know that when things get tough, you are ready and willing to support them. There are a lot of ways to support your staff including providing a robust benefits package, promoting a healthy work-life balance, providing mentorship, and so much more. These are all programs that take planning and time to be implemented correctly. But one easy way to show your employees you care is to provide more options to purchase voluntary benefits, like supplemental insurance.
Accidents happen
Accidents happen every day to millions of people. In fact, in one year over 35 million people will end up in the emergency room due to an injury.1 When one of your employees has been in an accident, such as a bicycle wreck, falling off a ladder, or being hit by a car, the physical and financial implications can be devastating, affecting daily life on and off of the job.
Being injured is a difficult and painful experience, and on top of the pain, victims of accidents also have to worry about the financial impacts. Even with health insurance coverage, there are always non-covered costs associated with being severely injured. Offering a voluntary benefit solution like accident insurance can offer your employees peace of mind and a way to help with out-of-pocket expenses left over from regular health insurance, including lost income, rent, and food after an accident.
Key stats
Injuries are a leading cause of death for people under the age of 45,2 and every year there are 9,350 ER visits for non-fatal injuries per 100,000 people. For people of all ages, injuries are the 3rd leading cause of death, behind heart disease and cancer.4
Motor vehicle injuries are the leading causes of death by unintentional injury, followed in order from most fatal to least, by these five most common household unintentional injuries in the United States:5
During summertime more people spend time outside doing what they love, including working on home projects, riding bikes, scooters and motorcycles, hiking, and going on boating and road trips. According to the Insurance Institute for Highway Safety, summer road trips mean more accidents.6 All of these activities could result in a more dangerous time of year for Americans.
The average price of accidents in America
The average medical costs for accidents in America can be astounding.7