A survey conducted in November 2013 by Lieberman Research Worldwide has confirmed those suspicions. The survey of 600 U.S. Employers found that more than 42% of all businesses offering their employees access to voluntary accident insurance noted a decline in their workers’ compensation claims. The survey found that 55 percent of large companies and 34 percent of small and medium sized companies reported declines. The results were nearly identical for those employers offering voluntary disability insurance.
Accident insurance helps pay out-of-pocket expenses that aren’t covered by major medical insurance. These expenses can add up quickly after an accidental injury. The money can be used for medical expenses, such as medical examinations, or it can be used for other expenses, such as transportation.
Disability insurance helps protect an employee’s paycheck in the event of an accident. Those benefits can be used for any purpose, including rent, food, or car payments – living expenses that continue to come even when the paycheck doesn’t.
This same survey found that 58 percent of employers do not currently offer voluntary accident insurance and 50 percent do not offer voluntary disability insurance.