SMEs

Group personal accident for SMEs

09/2020
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People are your client's most important asset

Many New Zealand small businesses fail due to the loss of key employees.

Despite this fact 32% of Company Directors have indicated they do not have plans in place to manage this risk.*

When you consider that New Zealand faces increasing labour shortages and businesses struggle to attract and retain talent this is a concerning exposure for your SME clients.

One method of mitigating key person risk is Group Personal Accident Insurance (GPA). It offers lump sum benefits for death or serious injury to employees while also covering the expense of replacement staff costs.

Chubb is now providing insurance brokers with the ability to bind their own GPA policies for SME clients.

GPA benefits

Chubb GPA can be used as a contractual benefit to staff, or the client can receive the benefits and then provide a range of payments and assistance in the event that an employee accidentally dies or suffers a serious injury.

Policy benefits:

  • Lump sum benefits for Accidental Death or Disablement through injury
  • Lump sum benefits for broken bones
  • Benefits for injuries resulting from events such as terrorism or workplace trauma
  • Funeral expenses
  • Return to work assistance
  • Replacement staff /recruitment costs
  • Company image protection
  • Home and car modification costs
  • Car-jacking benefit
  • Air or road rage benefit
  • Public transport ticket benefit

Bind in 3 easy steps

Our terms can be offered to qualifying mutual clients with no application form required!

Quote and bind policies directly with your clients in 3 easy steps:

 

Terms and Conditions apply

Resources

Policy documents
Group Personal Accident & Sickness Schedule
Policy documents
Group Personal Accident & Sickness Policy Wording

Insights and expertise

We keep you informed — and your business protected — with these helpful articles.
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Why SMEs need insurance to be sustainable
SMEs are exposed to greater risks with business landscape rapidly change and expand across Asia-Pacific. Learn how insurance can support the growth of SME’s.
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What businesses should know about water damage
Whether it’s from a leaky hot water system or a flood, did you know that, according to Chubb claims data, your office is more likely to have water damage than damage from a fire?
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5 steps for creating a business continuity plan
Chubb risk managers advise 5 steps to make sure your business is prepared for recovery after a disaster is to develop a business continuity plan.
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Why you need a risk management program
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