An employer might offer group accidental death and dismemberment (AD&D) insurance to employees for several reasons:
- Employee Benefit: Group AD&D insurance is often offered as an employee benefit. By providing this coverage, employers can offer their employees some peace of mind in knowing that they are protected in the event of an unexpected and tragic accident that results in serious injury or death.
- Cost-effective: Group AD&D insurance is typically less expensive than individual coverage, making it a cost-effective way for employers to offer this type of insurance benefit to their employees.
- Recruitment and Retention: Offering AD&D insurance can help employers attract and retain talent. Employees may be more likely to choose an employer that offers AD&D insurance, especially if they have dependents or loved ones who rely on their income.
- Legal Obligations: In some states or industries, employers may be legally required to provide AD&D insurance coverage to their employees.
- Supplemental Coverage: Group AD&D insurance can also be used to supplement other types of insurance coverage, such as life insurance or disability insurance, providing additional financial protection to employees and their families in case of accidental death or dismemberment.
Overall, offering group AD&D insurance can be a valuable benefit for employees, while also being a cost-effective way for employers to provide this type of coverage.
BenefitsDNA has decades of experience in stand-alone, business travel and voluntary Accidental Death & Dismemberment. Remember, you can’t underwrite at claim time. Make sure to contact our team to get started today!
