For the infrequent but potentially devastating impact of catastrophic work-related accidents, Chubb Accident & Health offers protection for employers who choose to self-insure their workers’ compensation coverage or have high deductible plans.
Self-Insured Retention (SIR) Recovery Accident Insurance provides flexible policy limits to help fund reserves necessary to cover an employer’s Workers’ Compensation deductible or SIR attachment point. Chubb Accident & Health provides first dollar coverage for AD&D and paralysis benefits. This coverage can be expanded to include critical burn, coma, and heart/circulatory failure benefits. The benefits are payable directly to the employer, where allowed by law.
Small and medium sized employer groups with self-insured or high deductible workers’ compensation plans.