3 tips to bear in mind when negotiating labour accident insurance

Insurance against accidents at work for third parties.

Important tips for choosing an insurer

This insurance arose from a legal obligation and is aimed at all Employers, Individual or Collective, with permanent or fixed-term workers, full time or part time.

Occupational accident insurance provides specialised medical assistance to all Employees in the event of an accident at work and protects the company against the liabilities and expenses arising from this, including cases of temporary or permanent, absolute or partial incapacity and death.

As the end of the year approaches, negotiations are intensifying between corporate clients and insurance brokers for the management of the Workmen's Compensation line of business. If, on the one hand, there is a tendency for insurers to increase rates in order to balance each client's profit and loss account, on the other hand, there are clients in the opposite direction trying to squeeze premiums in order to reduce costs in a standardised product defined by decree law. But is price the most important thing to negotiate?

We leave you with 3 tips for business decision-makers to take into account when negotiating labour accident insurance:

1 - Request 3 proposals from your mediator so that you can analyse the market framework for the type of company in question;

2 - Decide not only on the Premium variable, but also on the insurer's level of service

At a time of labour shortages and trying to retain talent, it's essential to have an insurance company that responds efficiently to claims.

3 - Request training in claims analysis in order to minimise fraud

The existence of an Occupational Accident Claims Database enables insurers to analyse the number of claims, dividing them into Serious and Non-Serious, and using this information to formulate the rate to be applied to the client, i.e. it is essential for clients to analyse and validate before reporting a claim in order to avoid fraud and “no claims” that will penalise the client's profit and loss account.

With these variables, company managers will make the right decisions, taking into account the management of the company, but also the well-being of employees, both physical and mental.

Grumese will support you in making the best choice and asking the right questions, so don't hesitate to contact us.

3 tips to bear in mind when negotiating accident insurance / Grumese

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3 tips to bear in mind when negotiating labour accident insurance