October 26, 2017 by Canadian Underwriter
Aviva Canada has announced the launch of Commercial Accident, an expanded insurance offering through its broker partners.
With this new product, brokers can now provide member associations, volunteer groups/events, charitable organizations and businesses “expanded insurance coverage and limits without having to look to other markets to fill what had previously been a gap in coverage,” Aviva Canada explained in a press release on Thursday.
Commercial Accident insurance offers protection to members, participants or employees if they are involved in an accident that causes death or bodily injury while on the insured customer’s property, whether at work or participating in an event on location. The policy is designed to provide financial support for members, participants and employees in times of immediate need and can cover medical and other out-of-pocket expenses typically incurred following an accident, the release said.
The policy pays lump sum benefits for death, permanent total disability and paralysis. Additional reimbursement benefits that can be included in the flexible policy include expenses for rehabilitation, repatriation, medical, dental, bereavement, psychological therapy, emergency transportation, daycare, education and spousal retraining.
“As much as we encourage taking the proper safety precautions to mitigate risk of accidents, there is no failsafe to predict when an accident will happen,” said Terri Mitchell, executive director of accident and health, at Aviva Canada. “We are offering commercial customers a comprehensive and sensible solution to protect the people that matter, and the reputation they have worked hard to achieve.”
Customers are encouraged to contact an Aviva broker for more information on insurance options.
Aviva Canada provides home, auto, leisure/lifestyle and business insurance to 2.9 million customers. A wholly-owned subsidiary of United Kingdom-based Aviva plc, the company has more than 4,000 employees focused on creating a bright and sustainable future for their customers and communities.