High-Limit Accidental Death & Dismemberment and Catastrophic Cash Insurance
Gallagher Student Health and Special Risk specializes in meeting the insurance needs of risk management and athletic departments for colleges and universities of all sizes.
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Who should consider purchasing this type of insurance?
This product provides both Accidental Death & Dismemberment as well as a Catastrophic Cash Benefit. This coverage is ideal for university risk management departments and athletic departments, as well as organizations with a Board of Directors.
Why offer this Plan?
This product provides up to $1,000,000 as a cash benefit for students, staff or Board Members who are involved in a catastrophic accident while taking part in a covered activity, as well as substantial Accidental Death & Dismemberment benefits. If a tragic accident occurs your College or University can be assured that they have purchased the best coverage available to provide benefits for insured's and their families.
Plan Highlights
- $1,000,000 Catastrophic Cash Benefit
- $200,000 payable in a Lump Sum
- $40,000 payable each year for the next 20 years
- 24-hour coverage or school sponsored and supervised only coverage available
- High-limit Accidental Death & Dismemberment benefits up to $250,000 per incident with up to a $20 million aggregate maximum
- All eligible persons are covered- no rosters or name lists required
- Provided cash benefits could be used to supplement internal limits of the NCAA's catastrophic policy
Benefits to your Institution
- Protects individuals and families form the medical costs associated with catastrophic injuries
- Provides families with death benefits during their time of grief
- Coverage can combat the type of claims submitted to the college or university's general liability insurance policy
- Complete account management services to make the insurance process simple and seamless for your organization
- Superior claims service, toll-free customer service number and online claims status
Gallagher Student Health is committed to being the nation's leading full-service independent insurance program administrator for the education community by providing high-quality, customized, and affordable insurance products and related services to the schools, organizations, students and families they serve.