Therefore, in real word businesses and organizations — may they be large corporations to small and medium enterprises risk management and insurance management have played a central role in projecting future problems to make sure that the firm does not lose its efficiency as well as individuals do not lose their working abilities or even their lives. The tool that is mainly used by such accident occurrence in the workplace and other work-related injuries is the insurance law, a form of banking mechanism which ensures that when the time comes that an employee he needs to be addressed medically either in a predicted or accidental situation, that they may be able to do so through the help of the firms they are working for.

It is not any more the scope of our paper to discuss how insurance companies gain profits and project their business model, but it is of interest to us to identify which kinds of insurance are available to workers and times of work-related injuries and accidents.

In various firms around the world today, there is health insurance, disability insurance, as while any insurance, life insurance, property insurance, and even specialized insurance forms such as adept and liability insurance.

The basic model is that the human resource management Department of firms have a specific rate allocated for insurance for such projected accidents and other work-related injuries. For the reason that the firms will not go bankrupt in the long run, they insurance is only partly taken from the employed years but a large bulk is taken from the employees. This is through having any percent salary deduction allocated for such insurance needs. There are firms which specifically outsource insurance and this has been the trend in the modern setting because of large corporations handling large amounts of labor and manpower. This percent, also usually integrated within the tax accounting, goes to such insurance firms that is labeled as a “insurance plan.” Together with such an insurance plan, employees are issued a proof of being insured by the company and the healthcare organization or firm by having some form of receipt or medical card.

When the time comes that accidents or other health-related and work-related injuries occur, they would just need to go to their local medical centre or hospital which supports the companies healthcare benefits — this work is usually wide range in almost all medical centres accept such insurance — so that treatment would be addressed immediately.

Remember that this is a form of accident insurance and not just basic health care, and accidents often — if not always — occur suddenly and without projection. This allows for the holder of the cards to address their needs immediately.

Since legislation already demands that firms have such health and accident insurance for its employees — this has also been the trend even for Third World and developing countries — it prevents other problems other than the accidents or work-related injury that has occurred.