


Accident Insurance
Accident cover offers financial protection in the event of accidental injury, helping trade professionals, sole traders, and small business owners manage the financial impact of unexpected accidents that may occur while performing their work or operating their business.
Accident insurance is generally quite affordable especially when compared to the potential financial impact of being unable to work due to an injury. In fact, our recent market research shows that plans can start from as little as €21 a month.

Helping safeguard livelihoods against the financial challenges of unexpected accidents.
​Benefits of cover
For tradespeople and sole traders, physical well-being is the foundation of their livelihood. Whether working with tools, machinery, or providing hands-on services, the risk of injury is ever-present - from slips, trips, and falls to accidents involving equipment or workplace hazards. Without insurance, even a minor injury could lead to weeks or months of lost income, while a severe accident might result in long-term financial challenges for both the individual and their family.
Accident Insurance helps protect earnings while providing peace of mind, ensuring individuals can focus on recovery when the unexpected occurs.
Accident Insurance Explained
Accident insurance offers a range of benefits to provide financial support and peace of mind in the event of an accidental injury. Policies can vary but often include protection for accidental death, serious injuries, permanent disability, and temporary inability to work. This coverage may be offered as optional under a broader trade insurance policy or as a standalone policy. Key benefits can include:
Out of Work Support
If an accident leaves an individual unable to work, accident cover can provide financial relief to manage essential expenses, allowing recovery to remain the focus without added financial stress.
Hospitalisation Coverage
When hospital care is required following an accident, accident insurance may compensate for hospital stays, alleviating the financial burden of medical recovery.
Accidental Death Coverage
In the unfortunate event of a fatal accident, accident cover provides critical financial support for loved ones, ensuring they are cared for during a difficult time.
Permanent Total Disability Protection
For severe injuries that permanently affect the ability to work, accident insurance can offer financial assistance to help adapt and maintain quality of life.
Fracture Benefit
For accidents resulting in broken bones, accident cover provides compensation to offset medical costs or support you during your recovery time away from work.
Income Protection
In the unfortunate event of a fatal accident, accident cover provides critical financial support for loved ones, ensuring they are cared for during a difficult time.
Accident Insurance offers crucial support to help trade professionals navigate the financial challenges of recovery, ensuring their focus remains on getting back to health and their livelihood

Example of how Accident Insurance works
Consider a scenario where you are a sole trader managing your own plumbing business. While working on-site, you experience an accident, such as falling off a ladder and fracturing your arm. This type of injury could prevent you from working for six weeks.
-
Medical Costs: Depending on the terms of the policy, accident insurance may help cover expenses like X-rays, specialist consultations, and physiotherapy.
-
Income Replacement: Some policies may provide a weekly benefit to replace part of your lost income during your recovery period.
-
Recovery Support: If the injury leads to longer-term challenges, certain policies may offer a lump sum payment to assist with rehabilitation or adjustments needed for your work or living environment.
While specifics depend on the policy and provider, accident insurance is designed to help ease financial pressures that could arise from an unexpected injury.
When Purchasing Cover
Trade professionals should carefully assess their specific needs, the risks associated with their work, and the terms of any accident insurance policy before purchasing. It’s essential to review the policy documents thoroughly to understand what is and isn’t covered, as exclusions such as pre-existing conditions or certain activities may apply. Consulting with an insurance professional can provide clarity on the policy’s details and ensure it aligns with your requirements.

-
What types of coverage do small businesses and tradespeople typically need?Small businesses and tradespeople often require a combination of coverage, including public liability insurance to protect against third-party injury or property damage claims, employer liability insurance for employee-related risks, tools and equipment insurance for asset protection, and personal accident coverage for financial support during recovery from injuries.
-
How can I determine the right level of coverage for my trade and business?The appropriate level of coverage depends on factors such as the nature of your trade, the size of your business, and the potential risks involved. Consulting with insurance professionals, assessing the specific needs of your trade, and considering factors like the value of tools and equipment, the number of employees, and the scope of your projects can help determine the optimal coverage for your business.