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Posted By Paul Slater
Hi all,
Brief outline,
I have been asked to look at personal accident insurance within the water park where I am H&S manager. We will obviously have full public liability insurance, however, the insurance company is also suggesting that we take up personal accident insurance also for our guests. This seems some what OTT as the PLI would cover all possible claims & injuries (if ever needed!)The cost will be approximatley 200K per year on top of the PLI.
Does anybody know if there is any legal requirement to have personal accident insurance?
Any thoughts or information would be very much appreciated.
PS, the water park is in the middle east.
Regards
Paul
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Posted By Alex.wilkes
Paul I have never heard of that. I would be interested to know which water park. I am also based in the Middle East.
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Posted By Bob Youel
If I am reading this right they want you to take out personal acc insurance for each and all of your visitors?
Personal insurance means 'personal' to the individual concerned so you cannot take out such insurance as each individual takes such insurance for themselves
Your PLI should be all that you requre for this area and your ELI speaks for itself
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Posted By Paul Slater
Hi Bob,
It is basically to cover hospital visits that may be required as a result of any minor injuries. The PLI would cover any major injuries, I believe that they would like this as a 'gesture of good will' for any people that are slightly injured and require a hospital visit, eg, sprains etc.
Alex, I assume this is something that you do not have in place and are also in the middle east?
Regards
Paul
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Posted By Stuff4blokes
Paul, what is the annual cost of minor hospital visits? If this exceeds the 200K cost of the additional insurance then i) take the deal, ii) the insurers have made a miscalculation, iii) look very closely at causes and fix them.
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Posted By Ian-Edwards
Hi Paul,
This was promoted by insurers a few years back in an attempt to prevent liability actions - under Employers' Liability and Public Liability.
Firstly, there will be no legal requirement to provide such cover, but your liability insurer might insist upon it in order to maintain the rating levels to which you've been accustomed.
Fundamentally, this would be a Group Personal Accident policy in the name of your organisation, but with the subject matter of the insurance being your customers.
Although a valid injury to your customer would be required in order to trigger a claim, the beneficiary would be your organisation. It would then be up to you to choose how to distribute the claim monies - obviously, it would be best to pass onto the injured person in an "aren't we kind and caring in purchasing PA cover for our customers" kind of way.
The thoery is that offering hard cash in this way might prevent a proper action for damages. The presence of PA cover can't prevent them from ultimately making an action, neither can the claims monies be deducted from the final damages settlement, but it might go someway to preventing it.
This cover is normally fairly cost effective (depending on the activities) as cover limits need only be fairly modest and the more expensive weekly temporary total disablement benefits probably not required. A different insurer that of your liability policy should be chosen, so they're not in risk of taking the hit twice.
Your insurance broker should be able to advise you further - this is commonly available.
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Posted By Bob Youel
Speak to your legal advisers as those I have spoken to say that you demonstrate acceptance of liability [However remotely] if you go down this road
You can offer to support any small events that require simple remedies out of your current management set up but be careful
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