Personal Accidents
The right coverage for business leaders and active high net worth individuals who have a "get it done" spirit.
Personal Accident Insurance for Every Lifestyle
Accidents are never planned or expected, they simply happen, and sometimes when you least expect them. Imagine a beautiful beach, the sun is out and you can feel the warm sand between your toes. In this state of mind, nothing can go wrong. As you enter the clear ocean, you take a few steps, you look up at the beautiful teal blue sky then suddenly you feel a sharp, prick, sting and then your whole leg is numb. Your exotic vacation has turned into a nightmare. You have been bitten by something that will leave you immobile for weeks, maybe months, and the only backup plan you have at the moment is selling your current assets, your boat, cars and possibly your child's savings fund. Luckily, this can all be avoided with Personal Accident Insurance from Spheric Assurance.
High-End Personal Accident Insurance Is a Must!
Some high-end clients are prone to these unfortunate events due to the nature of their lifestyle. Constant travel for work or pleasure is extremely enjoyable but at times comes with consequences that one should aim to preserve with the right coverage. Our goal at Spheric Assurance is to keep you and your loved ones free of risk and always in a state of financial security.
What is Personal Accident Insurance?
Although you can never be fully prepared for an accident that leaves you in a debilitating state, you can cushion the financial blow of an unexpected accident with Personal Accident Insurance. Accidents impair your earning ability, which may leave you and your family in financial distress and overall despair. Personal Accident Insurance is the security you need to keep your family and business life stable meanwhile giving you the peace of mind to focus on what really matters.
Personal Accident insurance is coverage that pays proper compensation (a straightforward, full lump-sum) for you or your loved ones in the event of injuries, disability or death caused by a violent, accidental, external or visible event. Since the definitions violent, accidental, external or visible events vary from insurer to insurer, it is important to ask your Spheric Assurance agent what your Personal Accident Insurance plan covers.
This insurance plan is designed to pay out if you are severely injured or die in an accident. Personal Accident Insurance will pay out this lump sum to your family or listed beneficiaries if by tragic case you are injured in an accident and cannot return to work, or in the unfortunate and worse case, pass away.
Why Do I Need Personal Accident Insurance?
If you are already covered by life insurance and health insurance, personal injury insurance may seem a little excessive. However, if you are the sole or major money maker in your family and suffer an accident, Personal Accident Insurance could be the lifejacket your family needs to avoid financial consequences.
Think about this situation, you are severely injured in a car accident on your way to a company meeting. You cannot work for almost a year due to your injuries. Does your family have the money and recourses necessary to survive without your income for a year? Would you be comfortable leaving them in a situation where they are struggling for money and on top of everything need to take care of you and your medical bills, or even worse end up losing you completely? Personal Accident Insurance takes care of this risk and allows you to protect your loved ones in the aftermath of an unforeseen event.
Disability Insurance
The most important benefit is the protection of the usual occupation of the Insured person. This provides a coverage for the loss of income in the event of a temporary and/or permanent disability.
We offer comprehensive coverage for individuals and corporations based out of Latin America.
This specific coverage constitutes an important backing for the diverse occupations, especially for the self employed professional classes due to their dependency on personal income.
We provide a very broad coverage for both accident and illness claims.
The product has the benefit of the Lloyds of London support and experience, whose current rating is "A+" certified by the main global rating agencies.
Spheric Assurance Company Ltd. reinsures 100% of the risk with the guarantees of the reinsurers of said market.
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