Zurich Canada launches Group Accident Insurance Coverage

Zurich Canada is now offering customers Group Accident Insurance that combines customizable coverages with first-class support services for employees before, during and after their trips.

At a time when business travel is expected to increase after years of pandemic-related restrictions, Zurich’s new solution can provide a level of protection and peace of mind for businesses and their employees.

Employees, employers and participant groups today are seeking a broader range of group accident coverages, for good reason, said Khalid Sohail, Head Accident and Sickness at Zurich Canada. According to Statistics Canada, accidental injuries and healthcare costs have climbed in recent years¹.

“Recruiting and retaining top talent is more competitive than ever, and more employers are seeing the advantage of building basic and voluntary benefits into their employee benefits package,” Sohail said. “Innovative compulsory and elective products, such as group accident coverage, critical illness and travel insurance, are affordable supplemental insurance options to help employees manage sudden, substantial out-of-pocket costs. At Zurich Canada, we’re helping employers go above and beyond to keep their people protected.”

Zurich’s Group Accident Insurance offers peace of mind to employees and their families facing sudden, significant expenses related to a wide range of accidents.

From a slip and fall abroad to a catastrophic car accident at home, Zurich’s flexible, modular approach provides access to various group insurance products and services. Zurich’s solutions can help protect individuals from financial distress due to accidental loss of life and offer living benefits that can relieve financial burden due to accidental injury.

Policyholders can choose what they need from Zurich’s Group Accident policy, including:

• Basic & Voluntary Accident – for employer groups
• Business Travel Accident – for employer groups with specialized travel coverage needs
• Occupational Accident – for groups without employee benefits
• Participant Accident – for groups with sanctioned activities
• Board Members Accident – for group members sitting on a board of directors

There are several key benefits available under this new Group Accident policy:

• Accident Medical Expense
• Accidental Death/ Catastrophic Injury
• Accident In-Hospital Expense
• Accident Disability, including Weekly Accident Indemnity (WAI) benefit
• Zurich Travel Assist™
• Enhanced Living Benefits
• Critical Illness Add On

With Zurich’s basic and voluntary benefits, the premium can be employer-paid, employee-paid or a combination. Regardless, the benefit is paid directly to an employee, or, in the event of accidental death, their appointed beneficiary, who experiences a covered event. The payment can be used as the employee or, in the event of accidental death, their appointed beneficiary, chooses, such as uncovered rehabilitation expenses, household bills or a trip to celebrate a recovery milestone.

1 “Death rate for accidents (unintentional injuries) in Canada from 2000 to 2019” Statistica.

Media contact
Jennifer Beaudry
Zurich Canada
647.822.4069
jennifer.beaudry@zurich.com

 

The Zurich logo and Zurich are trademarks of Zurich Insurance Company Ltd.

This is intended as a general description of certain types of insurance and services available to qualified customers through Zurich Insurance Company Ltd in Canada. Nothing herein should be construed as a solicitation, offer, advice, recommendation, or any other service with regard to any type of insurance product underwritten by Zurich Insurance Company Ltd. Your policy is the only contract that specifically and fully describes your coverage. The description of the policy provisions contained herein gives a broad overview of coverage and does not offer you any coverage under an insurance policy. Coverages and rates are subject to individual insured meeting our underwriting qualifications.