After an accident or injury, Accident Insurance pays a cash benefit directly to the injured party, so that you don't have to suffer financially when you are already suffering physically. There is no coordination of benefits for existing plans, which means the plan pays regardless of other coverage. Your premiums are paid through payroll deduction, and you retain full ownership of the policy. Even if you leave your current job, the coverage is portable, so you can take it with you when you leave.