Accidents happen. Whether you suffer a concussion falling off a ladder, break your leg slipping on ice or dislocate your shoulder moving the couch, injuries can lead to costly medical care, loss of work time and various other related expenses. If you don’t want to be caught financially unprepared to handle an accident, consider accident insurance.

Employers may provide accident insurance as a voluntary benefit to offer financial protection in the event of accidental injuries. While regular medical insurance may leave gaps in coverage, such as deductibles and copays, accident insurance helps fill these financial voids for out-of-pocket medical expenses resulting from injuries. It is important to note that accident insurance does not replace medical insurance but serves as additional coverage and financial assistance.