hello@prizmsolutions.co.uk
01827 313 931
What is Personal Accident Insurance?
Personal accident insurance is a type of policy which pays out a lump sum if you get killed or permanently incapacitated in an accident, or a weekly benefit if you can’t work for up to 2 years.
What about sickness?
Yes.
And no. These type of policies CAN be extended to cover illness/sickness but it is so expensive that 99% of people don’t buy it.
How much does Personal Accident insurance cost?
It varies according to the type of work being undertaken,
for example a roofer will always pay more for this than a solicitor, because one works at height and the other sits behind a desk. As an example, one of our clients who is a contractor covers himself for a £100,000 lump sum plus £500 per week temporary disablement for a premium of £300 per annum.
How do I buy this type of insurance?
You buy through us, so just ring up and ask for a quote.
We will need to know your age, occupation, income and whether you have any dangerous hobbies and/or play sport.
Have a question?
Our team is
here to help!
One of our team will talk to you about your current circumstances in order to advise the best way forward. If you’d prefer to visit us at our offices in Tamworth, feel free to pop in! Just check our office hours on Google to make sure we’re open.
We always ask you what sports/hobbies you’ve got, because let’s be honest, someone who climbs Everest for a hobby is more likely to claim than someone who just watches Eastenders. Certain sports/hobbies are OK, but others will attract an additional premium, winter sports such as skiing for example.
No! For starters we are not demanding you buy it, you make the choice. Secondly, we tailor the policy to what you need, and thirdly, it does not cover redundancy. Yes there are certain similarities, but only at a superficial level.
Yes. And no. Very few insurers now offer Children Personal Accident insurance (due to claims). We currently don’t deal with any insurer who offers this, but believe me, if one does start offering it, we’ll be shouting about it from the rooftops!
Yes. Although every policy does contain exclusions, but we will go through these with you before you buy to make sure you’re happy with the quote.
The amount of weekly benefit you can buy (or claim for) is linked to your earnings and is usually capped at 75% of what you earn. The lump sum benefit can be as high as you like but multiples of over 5 times your annual earnings are rare and are queried.
Intentional & deliberate injuries are excluded. It’s called Personal ACCIDENT insurance for a reason.
At Prizm, we primarily deal with AIG, Aviva, Zurich, Ortus Underwriting, Accident & Health and Lloyds underwriters although this may change as the market changes. We are always looking for new insurers who can help our clients.
If you need to make a claim on your insurance, you need to call your insurance broker or insurance company straight away.
If you have a policy with Prizm Solutions, then you simply call us.
As your broker, we are here to help – and we will provide you with all the contact numbers you need to deal with a claim when you take out the policy.
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Let us help you find the right cover for you.
Prizm Solutions Limited
First Floor
The White House
16/20 Church Street
Tamworth
B79 7DH
Prizm Solutions Ltd are authorised and regulated by the Financial Conduct Authority.
Prizm Solutions Ltd are registered in England and Wales, Registration Number: 05936749, Registered Address: First Floor, The White House, 16/20 Church Street, Tamworth, B79 7DH.
TERMS & CONDITIONS | PRIVACY POLICY | © PRIZM SOLUTIONS LTD 2024. ALL RIGHTS RESERVED | DESIGN BY SWD
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Fill in our enquiry form or pick up the phone and speak to one of our friendly, helpful team.
We’re here to assist you to put plans in place, to help provide you with some protection from those unexpected curveballs that can be a normal aspect of everyday life!
So, let us help you find the right cover for you.
01827 313 931
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