accident insurance


accident insurance
An insurance policy that pays a specified amount of money to the policyholder in the event of the loss of one or more eyes or limbs in any type of accident. It also pays a sum to the dependants of the policyholder in the event of his or her death. These policies first appeared in the early days of railway travel, when passengers felt a train journey was hazardous and they needed some protection for their dependants if they were to be killed or injured.

Big dictionary of business and management. 2014.

Look at other dictionaries:

  • accident insurance — ➔ insurance * * * accident insurance UK US noun [U] INSURANCE ► insurance against injury or death caused by an accident: »Personal accident insurance allows no fault claims where there is a pay out regardless of who s responsible …   Financial and business terms

  • Accident insurance — Insurance In*sur ance, n. [From {Insure}.] [1913 Webster] 1. The act of insuring, or assuring, against loss or damage by a contingent event; a contract whereby, for a stipulated consideration, called premium, one party undertakes to indemnify or… …   The Collaborative International Dictionary of English

  • accident insurance — n: insurance against loss to the insured through accidental bodily injury Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. accident insurance …   Law dictionary

  • accident insurance — ☆ accident insurance n. insurance against injury due to accident …   English World dictionary

  • accident insurance — noun : insurance against loss through accidental bodily injury to the insured compare disability insurance * * * insurance providing for loss resulting from accidental bodily injury. [1865 70, Amer.] * * * accident insurance, insurance against… …   Useful english dictionary

  • accident insurance — insurance which pays benefits in the event of an accident (car, etc.) …   English contemporary dictionary

  • accident insurance — insurance providing for loss resulting from accidental bodily injury. [1865 70, Amer.] * * * …   Universalium

  • accident insurance — A policy or contract of insurance whereunder the insurer agrees to pay to the insured or a beneficiary named in the policy a stated sum for disability of the insured incurred by accident, for the death of the insured caused by accident, for the… …   Ballentine's law dictionary

  • accident insurance — /ˌæksɪd(ə)nt ɪn ʃυərəns/ noun insurance which will pay the insured person when an accident takes place …   Dictionary of banking and finance

  • accident insurance — noun Date: 1851 insurance against loss through accidental bodily injury to the insured …   New Collegiate Dictionary