Business Accident Policy Feature Checklist
What to confirm in a business accident policy — what's standard, what's often limited, and what to add if needed — plus the gap most often missed.
Pull out your current business accident policy (travel accident, AD&D, assault, participant, volunteer, or occupational accident) and check the box next to each feature you can confirm it includes — anything unchecked is worth a quick conversation with your advisor.
Tick each feature you can confirm your policy includes — anything left unticked is a good question for your next policy review.
| Confirm? | Policy feature | What to confirm | Priority |
|---|---|---|---|
| Benefit Amounts by Class | Each group (owners, employees, family, volunteers, participants) has the AD&D amount you intend. | Standard | |
| Aggregate Limit per Accident | The total paid for one accident is enough if many insured people are hurt together. | Standard | |
| Aircraft Coverage | Charter and company-owned or leased aircraft are covered — many policies exclude them. | Standard | |
| Accident Medical (Primary or Excess) | Medical pays first or after personal health insurance — as you intend. | Often limited | |
| War, Terrorism & High-Risk Countries | Travel to dangerous destinations isn't excluded, or an extension is added. | Often limited | |
| Out-of-Country Medical & Evacuation | Sickness abroad, medical and security evacuation, and return home are covered. | Often limited | |
| Disability, Paralysis & Coma Benefits | Income and lump-sum benefits apply beyond death and dismemberment. | Often limited | |
| Felonious Assault Benefits | Employees assaulted at work get benefits on top of workers' comp. | If needed | |
| Hospital Cash, Counseling & COBRA | Daily hospital, therapy, and premium benefits are included where wanted. | If needed | |
| 24-Hour vs. Business-Only Cover | Each class is covered around the clock or only on business, as intended. | If needed | |
| Occupational Accident & Contingent Liability | Contractors have injury benefits, and the business is defended if one claims to be an employee. | If needed |
The gap most often missed in this coverage
The most commonly missed gap in this coverage is the aggregate limit. Every accident policy caps what it pays for one accident across all insured people — one university policy pays up to $2 million per person but $10 million in all. A single crash at a company retreat or on a team flight can exhaust it. Businesses should size the aggregate to the most people who travel or gather together and confirm charter aircraft are covered.
Send us the checklist and we'll review your business accident coverage line by line, then market it across multiple carriers that compete for your account.
Related: Business Accident Insurance · Business Accident Supplemental (apply) · All coverage checklists
Frequently asked questions
What should a business accident policy include?
Standard features to confirm in a business accident policy include Benefit Amounts by Class, Aggregate Limit per Accident, Aircraft Coverage. This checklist also flags the features that are often limited or sublimited and the ones to add if needed, with a plain-English note on each.
Is this checklist insurance advice?
No. It is a free educational tool to help you have a more informed conversation with a licensed professional. It affords no coverage and is not insurance, legal, or financial advice — only your actual policy language governs what is and isn't covered.
Can Cory Washington & Co. review my business accident coverage?
Yes. Share your checklist and we'll review your program line by line, market your account across multiple carriers, and explain the trade-offs in plain English. Cory Washington & Co. LLC is licensed in all 50 states.
This checklist is a free educational tool from Cory Washington & Co. to help you review your own coverage and have a more informed conversation with a licensed insurance professional. It is general information only — not insurance, legal, or financial advice, and not a recommendation to buy, change, or cancel any policy. Coverage terms, availability, limits, and requirements vary by policy, carrier, and state, and only the language in your actual policy governs what is and isn’t covered. Checking or leaving blank any item above does not indicate that you are adequately insured or under-insured. Using this checklist does not create a client, agency, or fiduciary relationship. Always consult a licensed professional about your specific situation.