Work-related fatalities are deaths that occur as a result of injury from work. These incidents involve both workers who tragically lose their lives while performing work duties and members of the public whose deaths are a direct consequence of work-related activities.
Unfortunately, these events are more common than you may think, with 62 individuals killed as a result of their workplace in the 12 months to June 2023. Please see statistics from the WorkSafe website of workplace fatalities from July 2022 to June 2023 across all industries.
It’s essential to note that this data specifically excludes fatalities stemming from natural causes or self-inflicted harm. Additionally, deaths resulting from occupational diseases are not included in this dataset; these are addressed separately within the context of work-related health concerns.
Accidental Death Insurance
We’re delighted to announce a significant boost to your safety and security processes as a valued SARNZ member. You can now obtain Accidental Death Insurance protection for yourself and your valued employees.
Accidental Death Insurance cover for employees offers numerous advantages, particularly concerning compliance with New Zealand’s Health & Safety Laws.
Firstly, such coverage provides financial protection for employees and their families in the unfortunate event of a death, resulting from a workplace accident. This can significantly alleviate the financial burden on the affected parties during a difficult time, especially for non-New Zealand families that may have to deal with repatriation expenses.
Additionally, having Accidental Death Insurance demonstrates an employer’s commitment to the well-being of their workforce, enhancing employee morale and loyalty. This insurance cover is often used as both an Employee Recruitment and Employee Retention tool, to enhance overall employee benefits.
From a regulatory perspective, insurance coverage can often reduce potential fines from WorkSafe, due to the business owners ability to showcase proactive risk management measures and a commitment to safety. WorkSafe may view the presence of insurance as evidence of a comprehensive approach to workplace safety, potentially leading to reduced penalties in the event of an investigation.
Overall, Accidental Death Insurance not only provides essential financial protection to employees families but it also enhances organisational compliance and reputation.
There are many options available for you to consider such as:
• Accidental Death during work hours only (including the commute to and form work)
• Accidental Death cover applicable 24/7, regardless if related to work or not,
• Ability to increase the scope of cover to include Personal Accident Cover
With prices starting from as low as $20.00 + GST per employee, per annum, for $100,000 worth of cover, this is a very affordable additional employee benefit worth considering.
Enjoy peace of mind that you have taken steps to safeguard your employees and their families against the financial burden an untimely passing can create.
For more information or a quotation, please contact:
Chris Bull
Director at Clarity Insurance Brokers Limited
021 245 8814
[email protected]
FSP#102208
