Personal accident insurance

While accident prevention is the first priority, making sure that there is proper insurance cover comes very close behind. This can be liability insurance and/or personal accident insurance. 

Personal accident insurance LEAs normally cover employees and pupils for death and disablement during the course of school duties. 

The use of personal vehicles, company or institutional vehicles (including airplanes), and customer vehicles for transporting regulated materials, which may be hazardous, is a serious concern. Most businesses and academic institutions forbid the use of privately owned personal vehicles, due to the serious insurance consequences if an accident occurs. Most individuals will find that their personal vehicle insurance does not cover them when they are transporting hazardous materials. Anyone who needs to transport regulated materials personally between buildings within an institution should walk. (Secondary containment, such as a rubber bucket, should always be used for carrying bottled chemicals.)... 

Normally refers to insurance coverage for bodily injury and death resulting from accidental means (other than natural causes). For example, an insured person is critically injured in an incident. Accident insurance can provide income and/or a death benefit if death ensues. 

Fig. 2 a All notified accidents in the constmction industry by work operation of the injured person leading to the injury, b Injured part of the body in serious accidents leading to pension in the construction industry (Source The national statistical database issued by the Finnish Federation of Accident Insurance Institutions, including all notified work accidents in Finland during the years 2005-2009)... 

At the beginning of the industrial era a person had to rely on his own resources, on the assistance of his family, or on private or public relief for dealing with the various vicissitudes of life—illness, disablement and old age. With the introduction of health insurance in 1883 and of accident insurance in 1884, Germany was the first country to give the worker a legal claim to the aid of the State in illness and occupational accidents. Disablement and old age insurance followed in 1891. As in other industrial nations which followed this example, social security was at first restricted to certain classes of persons and to assuring the minimum required for existence. 

Fig. 3 (/eft). Enterprises, insured persons and technical inspectors—share of accident insurance institutes for the building industry. 1969... 

If your insurance agent said this to you, would you know what it means Unless you work in insurance, you probably won t know what this means. PIP stands for Personal Injury Protection. It s the part of an insurance policy that pays when a person is injured in a car accident. 

Employee-benefit insurance, including life, hospitalization, accident, health, personal property, and pension plans. 

It is up to Venture and Project Managers to be aware of all applicable regulations and insure that they are complied with. In certain cases the law makes them personally responsible and liable for accidents or damages resulting from noncompliance. 

The reverse would be that insurance and other financial institutions would require demonstration of higher safety performance as a prerequisite for financing or underwriting risks. For example, in order to operate, nuclear power plants in the United States must demonstrate sufficient financial assurance to satisfy liability claims of members of the public for personal injury and property damage in the event of a catastrophic nuclear accident. Such insurance is available through the American Nuclear Insurers, which evaluates plant performance against objectives, criteria, and guidelines developed in conjunction with the U.S. NRC and the Institute of Nuclear Power Operations. A plant must receive a favorable report from this review before it can be insured. 

The source of the data—insurance claims files and records of plant owners — cannot provide reliable accident causal data. From personal experience, 1 can say that insurance claims reports rarely include causal data. And my studies of incident investigation reports completed by supervisors require the conclusion that they are not a reliable source for valid causal data. 

In the accident group (330 cases), a major injury is any case that is reported to insurance carriers or to the state compensation commissioner. A minor injury is a scratch, bruise, or laceration such as is commonly termed a first-aid case. A no-injury accident is an unplanned event involving the movement of a person or an object, ray, or substance (slip, fall, flying object, inhalation, etc.), having the probability of causing personal injury or property damage. The great majority of reported or major injuries are not fatalities of fractures or dismemberments they are not all lost-time cases,... 

Risk Mathematically, expected loss the probability of an accident multiplied by the quantified consequence of the accident (SSDC) an expression of the possibility of a mishap in terms of hazard severity and hazard probability (MIL-STD-882) note Hazard exposure is sometimes included (AFR 800-16) as defined in NHB 5300.4(10-2), The chance (qualitative) of loss of personnel capability, loss of system, or damage to or loss of equipment or property (NSTS 22254) a measure of both the probability and the consequence of all hazards of an activity or condition. A subjective evaluation of relative failure potential. In insurance, a person or thing insured (ASSE). 

REPQRTS FILED - The person maintaining the accident register must understand the reporting requirements of the insurance carrier and each of the states in which the carrier operates vehicles. 

The origin of the Domino Theory is credited to Herbert W. Heinrich, circa 1931, who worked for Travelers Insurance. Mr. Heinrich nndertook an analysis of 75,000 accident reports by companies insnred with Travelers. This resulted in the research report titled The Origins of Accidents, which concluded that 88 percent of all accidents are caused by the unsafe acts of persons, 10 percent by unsafe physical conditions, and 2 percent are Acts of God. His analysis of 50,000 accidents showed that, in the average case, an accident resulting in the occurrence of a lost-time work injury was preceded by 329 similar accidents caused by the same unsafe act or mechanical exposure, 300 of which produced no injury and 29 resulted in minor injuries. This is sometimes referred to as Heinrich s Law. Mr. Heinrich then defined the five factors in the accident sequence, which he identified as the Domino Theory. Heinrich s work is the basis for the theory of behavior-based safety, which holds that as many as 95 percent of all workplace incidents are caused by unsafe acts. See also Accident Chain Behavior-Based Safety. 

For the insurance industry, another aspect of risk is loss control. Loss control is controlling conditions that can lead to a loss. It is part of risk management. For an insurance company, loss control is helping insured customers prevent loss producing events. Few losses means few insurance claims. From a safety perspective, loss control helps clients manage safety and health, recognizes hazards and implements preventive measures. The measures eliminate accidents and incidents that create personal, property or financial losses for both parties. When loss control is effective, the insurance company and the insured gain benefits. 

Various types of benefits are available under the State insurance schemes for industrial injuries and are payable in respect of any person who has suffered personal injury caused by an accident arising out of and in the course of his employment or where such person suffers from what is termed a prescribed disease with reference to certain industrial occupations which may give rise to that particular disease. The phrases accident and arising... 

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