Provides protection against the economic consequences, usually in the form of earnings following death, total disablement or temporary disablement (for salaried staff). And for directors who are not salaried they arrange cover with stated benefits for each occurrence.

It also provides medical expenses cover. Unlike workers compensation insurance the cover provided under personal accident insurance applies not only to accidents at work but worldwide for accidents of any kind whether at home, while travelling, during leisure time, during sports activities, and in road traffic. This is known as 24-hour cover.

It is suitable for senior employees and directors.