Groupama enhances personal-accident policy

Groupama has enhanced its personal-accident policy to give brokers targeting the SME sector a powerful sales proposition at a time when small businesses can't afford lengthy staff absences.

Neil Thunstrom, head of personal accident and travel, said: 'Small businesses by their nature are heavily dependent on key individuals within the workforce to keep the business going.

'In these tough times, as many firms downscale their workforce, it's critical that brokers help them understand the benefits of PA cover.

'This valuable cover helps a business if an accident occurs and supports the employee and their families.

'Groupama Insurances' personal accident policy gives brokers a valuable tool in their armoury, providing a great value add-on for their clients,' Thunstrom added.

Key elements of Groupama personal accident include retraining benefits up to the age of 70 given the older age at which people are retiring, increased death benefit where an individual has dependent children and enhanced compensation levels for catastrophic injuries resulting in quadriplegia or paraplegia.

Neil Thunstrom continued: 'There's a misconception that PA is a difficult product to sell.

'This isn't the case.

'We are happy to discuss individual risks and tailor the cover to meet clients' requirements and budgets.

'Now more than ever, brokers need to maximise the opportunities for selling PA cover - there really hasn't been any better time,' he finished.

Key elements to Groupama personal accident cover include an additional two per cent of the death benefit, which is payable for each dependent child, up to a maximum of 10 per cent of the death benefit.

Enhanced benefit payments in the event of injury that results in quadriplegia (an extra 20 per cent) or paraplegia (an extra 10 per cent) of the permanent total disability benefit.

Personal effects are covered to up to GBP500 per insured person.

Funeral expenses are covered to up to GBP5,000 per insured person.

Retraining expenses are provided for insured people up to the age of 70.

The hospitalisation benefit is payable at GBP50 per complete 24-hour period for a maximum of 100 days.

The hijack and kidnap benefit provides up to GBP5,000.

Hospitalisation benefit (such as that provided under personal accident cover) is GBP50 per 24-hour period for a maximum of 100 days.

The childbirth and pregnancy limitation only applies after the 36th week of pregnancy.

The personal-property section automatically includes loss of essential documents, meaning passport, visa, travel tickets, driving licence or other essential travel documents.

Groupama will pay up to GBP500 to replace keys and lock mechanisms for the insured person's home if the keys are lost, damaged, stolen or destroyed while on an insured journey.

It will pay reasonable expenses incurred for the purchase of essential toiletries or clothing up to GBP750.

It will pay reasonable and necessary additional cost of travel and accommodation incurred in obtaining a replacement passport or essential documents following loss or theft during a journey of up to GBP1,000.

There is a single-article limit of GBP1,000 and a cash limit also of GBP1,000.

Illness cover is available up to the age of 70 years.

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