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|
24 HOUR COVERAGE
HELP PAY OUT-OF-POCKET EXPENSES
PROTECT YOURSELF & YOUR FAMILY
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.
ACCIDENT INSURANCE DEFINITION?
Accident insurance is defined as insurance against loss through accidental bodily injury to the insured.
…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!)
HOW MUCH DOES ACCIDENT INSURANCE COST?
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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.
IS THE ACCIDENT INSURANCE BENEFIT TAX FREE?
YES! The benefit payment you receive from an accident covered by your policy is tax free.
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.
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.
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.
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 
- Fixing a broken leg can cost up to $7,500 
- The average cost of a 3-day hospital stay is around $30,000 
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?
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.