SUPPORT TO HELP YOUR PEACE OF MIND
Supplemental accident insurance for independent workers.
a safety card in the game of life
APPLY NOW >
$18.33 / month for individuals
$25.83 / month for individual + spouse or child
$33.33 / month for family
Home >> Solutions for Individuals >> Accident Insurance
Help protect yourself and your family as a self-employed worker or small business owner.
One small accident can quickly snowball into a catastrophe. Accident Insurance helps cover bills and out-of-pocket medical expenses for unforeseen accidents to you or a family member.
| Accident Policy Monthly Rates | |
|---|---|
| Individual | $18.33 |
| Individual/Spouse | $25.83 |
| Individual/Child | $25.83 |
| Family | $33.33 |
Quick Links:
-
Common Questions About Accident Insurance
-
Common Questions About Accident Insurance Coverage
-
Accident Insurance and Other Policies
COMMON QUESTIONS ABOUT ACCIDENT INSURANCE
WHAT IS ACCIDENT INSURANCE?
Accident insurance helps provide financial protection for those who may become injured or deceased due to an unexpected accident. The insurance benefits help cover out-of-pocket medical expenses and other bills that emerge while you are healing from your injury. It works alongside your primary health insurance plan, making payable benefits directly to your pocket instead of to the medical facilities that are treating you.
It is complementary to disability insurance because you can receive benefits even if your injury doesn’t prohibit you from working. The greatest benefit is that it helps provide a financial cushion that may help give peace of mind.
Learn More: – Who Needs Accident Insurance & How It Works
ACCIDENT INSURANCE DEFINITION?
Accident insurance is defined as insurance against loss through accidental bodily injury to the insured.[1]
…And if you still don’t know what accident insurance is after that definition, you are not alone. Woligo knows that insurance terms can sound like gibberish, which is why we break it down for you. If you get into an accident that is covered by your policy, you could receive a one-time, lump-sum payment that is tax-free and paid directly to you – not to your doctor or health care provider. That way you have the flexibility to choose how you spend it.
(PS – did we mention you get the payment whether or not you are able to work while you recover? Yep, that doesn’t matter!)
Learn More: – Who Needs Accident Insurance & How It Works
HOW MUCH DOES ACCIDENT INSURANCE COST?
| Accident Policy Monthly Rates | |
|---|---|
| Individual | $18.33 |
| Individual/Spouse | $25.83 |
| Individual/Child | $25.83 |
| Family | $33.33 |
WHAT DETERMINES THE PRICE OF ACCIDENT INSURANCE?
Accident insurance is available for self-employed workers at a competitive price. Many independent workers may expect to pay high teens or low $20s for their premium.
Of course, your monthly premium for accident insurance may also be increased if your policy is covering multiple people. For example, your premium will be higher if the policy is insuring you, your spouse, and your child as opposed to just you.
Learn More: – Who Needs Accident Insurance & How It Works
IS THE ACCIDENT INSURANCE BENEFIT TAX FREE?
YES! The benefit payment you receive from an accident covered by your policy is tax free.
Learn More: – Who Needs Accident Insurance & How It Works
ACCIDENT INSURANCE FOR THE SELF-EMPLOYED
If you have an injury from an unexpected accident — big or small, in work or life — accident insurance might just be your most unexpected hero. Accident insurance works by paying you directly (not your doctor’s office) so you can use the money as you need to. Self-employed individuals can use accident insurance to help pay business or household bills, food and gas, or medical expenses like co-pays. You decide! It can add one more piece of financial protection for independent contractors.
Learn More: – Who Needs Accident Insurance & How It Works
WHY DO YOU NEED ACCIDENT INSURANCE IF YOU’RE SELF EMPLOYED?
Self-employed workers have a lot of freedom, but they typically miss out on benefits such as PTO and workers’ compensation. Many employees can receive workers’ compensation benefits if they become injured at work. Or, they may be able to use PTO to receive a paycheck even while they are healing and out of the office. Independent workers don’t usually have this luxury, which can create a lot of stress.
Learn More: – Who Needs Accident Insurance & How It Works
WHY IS ACCIDENT INSURANCE IMPORTANT FOR INDEPENDENT WORKERS
Independent workers, small business owners, and gig workers have a lot of freedom, but they typically miss out on benefits such as PTO and workers’ compensation. Every day you are unable to work because of an accident, you lose money. And, chances are you will also have medical bills to cover the care or treatment you receive due to the accident. Personal accident insurance helps ease your stress so you can focus on getting better.
Learn More: – Who Needs Accident Insurance & How It Works
IS ACCIDENT INSURANCE WORTH IT?
We think so, but we’ll let you decide for yourself. Depending on the injury, the out-of-pocket medical expenses and non-medical bills caused by an accident can quickly add up.
- The cost of treating a sprained ankle can range from $292 – $2,268 [2]
- Fixing a broken leg can cost up to $7,500 [3]
- The average cost of a 3-day hospital stay is around $30,000 [4]
And, these costs could be in addition to the lost wages you suffer from not being able to work. With Woligo, an individual policy could cost you less than $0.62 a day to give you peace of mind that if you do get into an accident, you are protected. Do you think accident insurance is worth it, too?
Learn More: – Who Needs Accident Insurance & How It Works
HOW DOES ACCIDENT INSURANCE WORK?
After you experience an injury from a covered accident, you submit a claim to your insurance provider for verification. Claims are typically processed within 10 business days and as long as everything checks out, YOU will receive a lump sum payment. The payment is made directly to you which means you decide how it is spent.
Learn More: – Who Needs Accident Insurance & How It Works
COMMON QUESTIONS ABOUT ACCIDENT INSURANCE COVERAGE
WHAT DOES ACCIDENT INSURANCE TYPICALLY COVER?
Benefits, both medical and non-medical, can be available through accident insurance benefits. This can include benefits related to various medical events, whether or not they are covered by your health insurance plan. This can help cover medical bills charged to you before you reach your deductible.
This is not a comprehensive list, but the benefits generally offered through accident insurance may include:
- Hospital admission and confinement
- Intensive care unit
- Air and ground ambulance
- Emergency room treatment
- Emergency dental
- Lodging
- Transportation
- Surgery
- Dislocations
- Fractures
- Burns
- Dismemberments
- Eye injuries
- Major diagnostic exams
- Accidental death
Learn More: What Accident Insurance Covers
WHAT DOES ACCIDENT INSURANCE NOT COVER?
Accident insurance benefits are generally not payable if your injury was received under the following conditions:
- Any condition covered by a workers’ compensation or occupational disease law
- Suicide or attempted suicide
- Intentionall self-inflicted injury
- Any act of war
- Participation in a riot
- Injury incurred while on full-time active military duty
- Injury while engaged in illegal activity
- And more
Learn More: What Accident Insurance Covers
| Accident Policy Monthly Rates | |
|---|---|
| Individual | $18.33 |
| Individual/Spouse | $25.83 |
| Individual/Child | $25.83 |
| Family | $33.33 |
HOW MANY ACCIDENTS ARE COVERED?
There is no limit. Every time you are injured from a covered accident you are eligible to file a claim.
Learn More: What Accident Insurance Covers
HOW MUCH ACCIDENT INSURANCE WILL I GET?
The benefit payment you receive from your accident indemnity depends on a number of factors including the type of injury, the severity of the injury, and the prescribed treatment plan from a licensed medical professional.
Learn More: What Accident Insurance Covers
WHAT IF I AM INJURED IN THE MIDDLE OF THE NIGHT?
It doesn’t matter where or what time of day your accident happens. Accident insurance through Woligo provides you with coverage 24 hours a day, 7 days a week, 365 days a year.
Learn More: What Accident Insurance Covers
WHEN DOES MY PERSONAL ACCIDENT INSURANCE COVERAGE BEGIN AND END?
Your accident insurance begins the first day that you are covered. There is no waiting period, which means you would be eligible to submit a claim the same day it starts. On the other hand, your coverage ends when your insurance provider says so or if you decide to cancel your policy. Most insurers automatically set accident coverage to end at a certain age, usually between 60 and 75.
Learn More: What Accident Insurance Covers
ACCIDENT INSURANCE AND OTHER INSURANCE POLICIES
CAN I COMBINE ACCIDENT INSURANCE WITH OTHER TYPES OF INSURANCE?
Yes, and it is highly recommended! Health insurance is your comprehensive health plan, but then supplemental insurance such as accident, disability insurance, and life work together to fill coverage gaps.
WHAT IS THE DIFFERENCE BETWEEN ACCIDENT AND HEALTH INSURANCE?
Health insurance is a comprehensive health plan, but, it’s important to note that no matter what health insurance policy you have, it doesn’t provide a blanket cover for all medical expenses regardless of the reason.
Accident indemnity is supplemental to health insurance and should be purchased in addition to. Aside from medical benefits, your accident policy could also help you pay for non-medical expenses like travel and lodging related to your accident – something health might not. It can also help cover medical bills you are responsible prior to reaching your health insurance deductible.
It’s also important to note that health insurance usually reimburses your doctor or health care provider, while accident insurance sends the payment directly to you so you have the freedom to choose how to spend it. And together, accidental and health insurance work in tandem for you.
IF MY ACCIDENT INSURANCE POLICY PAYS ME A BENEFIT, CAN I STILL COLLECT DISABILITY INSURANCE?
Yes! In fact, disability insurance and accident insurance go hand in hand. Disability insurance helps by replacing a portion of your income if you are unable to work, while accident insurance helps pay for medical bills and other expenses that arise as a result of your injury, regardless of whether you can work.
| Accident Policy Monthly Rates | |
|---|---|
| Individual | $18.33 |
| Individual/Spouse | $25.83 |
| Individual/Child | $25.83 |
| Family | $33.33 |
WHAT IS THE DIFFERENCE BETWEEN ACCIDENT INSURANCE AND WORKERS’ COMP INSURANCE?
The relationship between accident and workers’ comp insurance is very similar to the relationship between accident and disability insurance. Similarly, to disability insurance, workers’ comp insurance replaces a portion of your income if you are unable to work, while accident insurance helps pay medical bills and other expenses that arise as a result of your injury.
WHY DO I NEED STANDARD LIFE AND ACCIDENT INSURANCE?
You need standard life and personal accident insurance because they work together to provide you with a financial safety net for different circumstances. While both of these policies can provide coverage in the event of your death, they differ greatly. Life insurance typically covers instances of death resulting from illnesses or natural causes. Whereas accident insurance typically covers death due to an accident, and may even pay a benefit if someone is only injured.