IMA can help protect your client’s bank employees by providing them with coverage against accidental bodily injury or death as a result of criminal acts occurring at their place of work (financial institution). We have partnered with Reuben Warner Associates acting as Managing General Agent for Chubb Accident & Health to provide beneficial accident insurance programs specifically for banks.
These accident protection policies are to help provide the critical financial security and resources necessary for employees to deal with loss caused by accidents pertaining to banks. Benefits are paid directly to employees or to their designated beneficiary if they are injured as a result of a covered accident. In addition to providing 24-hour accident protection for bank employees, the program includes on premise accident insurance for bank customers when visiting or making transactions at any of the bank’s branches, including accidents that may occur in the bank’s parking facility. All bank employees and bank customers are covered with pricing based on the number of officers, number of other employees and how many branches desiring coverage.
Safety where our children attend school is everyone’s prime objective. Unfortunately, we have seen over recent years that senseless acts of violence, terrorism, mental depravity and other hate crimes have made their way into all areas of life–including where our children attend college. IMA has partnered with Reuben Warner to facilitate a product to offer some critical benefits should such a tragic event take place.
There are key benefits that one can utilize in the event of a college violence act:
- Accidental Death Benefit: This benefit provides for payment of a flat principal sum if Injury to the Covered Person results in a Covered Accidental Death within 365 days of the date of the felonious assault that caused the injury.
- Dismemberment Benefit: This benefit provides for payment of a percentage of the Principal Sum if Injury to the Covered Person results in a Covered Accidental Dismemberment within 365 days of the date of the felonious assault that caused the Injury.
- Loss of Use: This benefit provides for payment of a percentage of the Principal Sum if Injury to the Covered Person results in Loss of Use of limbs within 365 days of the date of the felonious assault that caused the Injury.
- Physical Therapy: This benefit provides for payment if the Covered Person requires Physical Therapy to treat a Covered Loss resulting from a felonious assault. This benefit will pay up to $100 per visit for 20 visits,
- Emergency Medical Evacuation: This benefit provides for payment up to 100% of eligible expenses for emergency medical evacuation if the Covered Person suffers a Covered Loss resulting from a felonious assault that occurs while traveling from his or her principal residence to another city or foreign country with at least 100miles distance and the attending Physician certifies the emergency need to send the Covered Person to a different medical facility. Principal residence is considered to be the full-time student’s primary residence prior to attending college.
- Repatriation Benefit: This benefit provides for payment of up to 100% of eligible expenses incurred for the return of the Covered Person’s remains if the Covered Person’s death results from a felonious assault that occurs outside his or her home state or more than 100 Miles from the Covered Person’s place of residence.
- Coma Benefit: This benefit provides for payment if Injury results in a covered Coma within 90 days of the felonious assault that caused the Injury and the Coma continues for at least 30days. The Company will pay monthly benefits equal to 2% of the Principal Sum for the first 11 months; with the remainder of the Principal Sum paid in a lump sum in the 12th month if the Covered Person remains in a Coma.
- Bereavement & Trauma Counseling: This benefit provides for payment of expenses incurred within one year after the date of the felonious assault causing such a Covered Loss for any individual or family counseling sessions. The benefit will pay up to $200 per session up to 25 sessions. ($5,000 maximum per Covered Person).
IMA Global Risk & Benefits team is prepared to answer your questions about these 2 products. If you have questions or want to initiate coverage, please contact us at imaglobal@imacorp.com.