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Do You Need Personal Accident Insurance If You Work From Home (WFH)?

Personal accident insurance is a form of coverage that is mostly required by people who work field jobs. This insurance product covers you against accidental death and injuries and can thus, keep you financially protected against any unforeseen accidents while you are out at work.

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Do You Need Personal Accident Insurance If You Work From Home (WFH)?

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  1. Do You Need Personal Accident Insurance If You Work From Home (WFH)?

  2. Personal accident insurance is a form of coverage that is mostly required by people who work field jobs. This insurance product covers you against accidental death and injuries and can thus, keep you financially protected against any unforeseen accidents while you are out at work. But what if you work from home? Do you still need personal accident insurance? Let’s find out.

  3. Personal Accident Insurance For People Working From Home The COVID 19 pandemic has seen an increasing number of people work from home since 2020. And, the trend looks set to continue for at least the near future. While working from home does have many advantages, it is also important that we are fully equipped to function from this newly defined workspace. You might have set up your own workstation with a laptop and Wi-Fi and even have a few additional gadgets – such as a printer – installed. And, you probably keep evaluating your evolving needs with regards to making your home more work-friendly.

  4. However, very few of us actually think about keeping our homes accident-free! Your home is a place where you feel safe and secure. Yet, accidents can unwittingly happen even in safe spaces too. One study in Singapore in particular noted that out of a group of 4278 patients hospitalised for injuries (both moderate and severe), 1484 were injured at their houses. Those numbers are quite high indeed. Therefore, while looking into making your home a work-friendly space, do also consider reviewing your insurance coverage. Home is one of the few places where we feel comfortable. However, being at home constantly might make you lax and feel that nothing bad can possibly happen as we generally feel safe. It is a common tendency to think that people who spend most of their day at home don’t require insurance coverage…that is a misconception.

  5. Even if you work from home, accidents can still happen when you least expect them too. A burn from some spilt hot tea, getting injured from tripping over your laptop charger cable, or meeting with an accident on your way to pick up a quick lunch – these incidents are quite commonplace. And, the treatment costs for resulting injuries can sometimes run into several thousands. In cases like these, having personal accident insurance can truly prove helpful. Personal accident insurance does not replace your hospitalisation insurance (MediShield Life/Integrated Shield Plan). Rather, it works along with those plans to give you coverage that is more wholesome if you unfortunately meet with an accident.

  6. Personal Accident Insurance – The Coverage You Can Expect These days, personal accident insurance plans are holistically designed to cover you for a lot more than just accidents. Leading insurers in Singapore offer personal accident insurance plans that cover you against: • A wide range of infectious diseases such as HFMD (hand, foot, and mouth disease) • Insect and animal bites • Food poisoning • High risk activities

  7. In addition to this, you can also opt in for riders to supplement the coverage you enjoy. For instance, some insurers allow you to add a rider that gives daily cash payout if you are admitted to the ICU due to an accident. Another really helpful rider reimburses you for any home renovation that needs to be done due to an accident. For instance, if a person is wheelchair-bound due to an accident, they might need cabinets lowered at home so they can reach for things more easily.

  8. Thus, we can see how important it is to have personal accident insurance coverage. A mishap can happen anytime, quite often in the most banal of situations. It is wise to be prepared with adequate coverage to tackle the unforeseen. Do speak to a financial consultant about personal accident insurance plans that may serve for added peace of mind while you work from home.

  9. READ MORE: - Are You Covered Against Hand, Foot And Mouth Disease In Singapore? You can even visit our Social sites:Facebook:- https://www.facebook.com/PrudentialSingapore/Linkedin:- https://www.linkedin.com/company/prudential-assurance-company-singapore/Youtube:- https://www.youtube.com/channel/UCWs_Qg2Rahok4kORir5w4eQInstagram:- https://www.instagram.com/prudentialsingapore/?hl=en

  10. THANK YOU

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