How does occupational accident insurance differ from traditional workers' compensation?

Occupational accident insurance specifically caters to the needs of independent contractors and other non-traditional employees who are often not covered by standard workers' compensation insurance. This type of insurance provides benefits to individuals who might not qualify for workers' compensation because they are self-employed or work on a contract basis. It addresses the gaps in coverage by allowing these workers to receive benefits for work-related injuries, including medical expenses and disability payments, similar to what traditional employees would receive under workers' compensation.

This distinction is crucial because traditional workers' compensation typically covers employees of a company, including various mandated benefits in the event of a work-related injury. Therefore, occupational accident insurance serves as a necessary alternative for independent contractors, ensuring that they have financial protection in case they sustain injuries while performing their work tasks.