If your small business plans to hold an event or several events in the future, then you may want to look into group accident medical insurance. With group accident health insurance coverage, you ensure that all parties involved with the event will maintain coverage in the case of an accident.

Group accident insurance benefits include the ability to protect your group or special event when insured participants are participating in group activities and coverage for out of pocket health expenses, like co-pays and deductibles.

1. Decide if your business can benefit from group accident insurance. You need to determine eligibility prior to enrollment, typically businesses that hold fundraisers, training programs, conferences and more will want to consider a group accident insurance program.

2. Locate group accident medical insurance providers. Not all providers will offer group accident insurance coverage.

3. Compare each group accident insurance benefit plan. Look at things like group accident and health insurance deductibles, benefits and premium payment schedule. Once you find the best group accident medical insurance plans, you can start the enrollment process.

Action Steps
The best contacts and resources to help you get it done

Consider group accident insurance benefits

You'll want to look at multiple companies to see what type of benefits they offer enrollees of their group accident insurance plan. You can also use the benefits as a cost versus risk assessment tool.

I recommend: Group accident insurance coverage falls into the special risk coverage plans category offered by AIG. You can also read an overview of benefits for group accident medical insurance on the HDFC ERGO.

Locate group accident insurance providers

Once you decide that your group can benefit from protection with a group accident health insurance plan, you'll want to find providers of this type of coverage. You can take advantage of insurance comparison tools to receive multiple quotes from group accident plan providers.

I recommend: Put in some basic information about your company into the search tool found on NetQuote. The site will return multiple quotes to you for free from group accident medical insurance providers. The eHealthInsurance website can also give you quotes on group insurance plans.

Enroll your company in a group accident insurance plan

You'll need to give the company information about your group as part of the enrollment process. The provider will need to know about participants in the event as well as event details. You'll also need to choose the coverage amount that you want for the group health and accident insurance.

I recommend: You can place a toll free call or email to the Nationwide Mutual Insurance Company about group accidental injury insurance enrollment by getting their contact information on their site. Send in an online enrollment form for accident insurance on the Pacific Benefits Group webpage.

Tips & Tactics

Helpful advice for making the most of this Guide

• •  Another consideration of group accident health insurance is whether the plan provides coverage during travel. Group travel accident plans will provide coverage to accidental death and injury cases that occur during business or group travel.