Category: Occupational Accident Insurance

Occupational accident coverage is an efficient alternative to workers’ compensation insurance that covers some of the same work-related accidents and injuries. Trucking businesses in the Kewanee, IL area can often benefit from this type of insurance. However, it’s vital to discover who and what it covers before your company signs up for a policy.

Who It Covers

Occupational accident insurance generally covers business owners and/or independent contractors who become involved in job-related accidents. Many truck drivers qualify for coverage. At the same time, workers’ compensation insurance is legally required for drivers who are classified as employees, including just about anyone who works on construction sites.

What It Covers

Occupational accident insurance typically covers injuries, fatalities, and disabilities resulting from work-related incidents. Certain types of coverage are optional, such as protection for truck passengers. Policies can be customized to meet your firm’s particular needs. Besides, plans may cover accident-related dental care, lost wages, and/or disability accommodations. A knowledgeable 1 Truck Insurance Services LLC agent can explain the options in detail.

Overall Benefits

Occupational accident insurance protects owners and workers from many financial burdens associated with workplace injuries. It reduces the risk that an independent contractor will take legal action against your company, though not wholly. However, occupational accident coverage doesn’t replace workers’ compensation insurance under circumstances when Illinois requires it by law.

1 Truck Insurance Services LLC offers occupational accident policies and many other insurance options for trucking firms. We provide workers’ compensation, liability, hazardous materials, cargo, and bobtail coverage (among others). Our trucking insurance experts can help ensure you get sufficient protection and comply with the relevant laws. To reach our office in Kewanee, IL, please call 877-325-9994 today.

Occupational accident insurance, or OAI, can protect contractors injured while working for your company. Providing this coverage extends your insurance coverage to independent workers. This can reduce the risks associated with on-the-job accidents for independent contractors who aren’t on your direct payroll. The team at 1 Truck Insurance Services LLC in Kewanee, IL can teach you more about the specific coverage options for your business.

What Is Occupational Accident Insurance?

Similar to workmen’s compensation insurance, occupational accident insurance provides medical and lost wage coverage for applicable workers. Your coverage may vary depending on your specific injury and the size of your company. However, by providing this coverage, you can attract independent professionals without putting your financial stability at risk.

What Are the Benefits of Occupational Accident Insurance?

Our team would be happy to help you understand the costs associated with putting this insurance into place. In general, you’ll typically have the ability to set your coverage amount. OAI plans to give you more flexibility than other coverage options. For example, depending on the insurance company you work with, you may be able to offer survivor benefits, accidental death, and disability to covered individuals.

How Your Business Can Benefit From OAI Coverage

Complement your workers’ compensation policy with occupational accident insurance. This will help you stand out from competitors and attract the right talent to your team. Our agents can also create personalized coverage that meets your specific requirements and industry standards.

When it comes to add-on riders and benefits, it makes sense to work with experienced commercial insurance agents. We take a tailored approach that expands or limits your coverage as needed. So, come to us for advice on how to handle the potential risk associated with independent contractors or self-employed individuals at your organization.

Contact the team at 1 Truck Insurance Services LLC in Kewanee, IL to make an appointment and get a free quote!