When did accident insurance begin in the United States?

Accident insurance began to develop in the United States during the mid-1800s, particularly around the 1850s. This period marked a significant shift as industrialization led to increased workplace hazards, necessitating some form of protection for workers. The first accident insurance policies were introduced to cover injuries sustained on the job, reflecting the changing dynamics in labor and the need for financial security among workers.

As factories and railroads proliferated, accidents became more common, prompting insurers to create products specifically addressing these risks. The mid-1800s represented a pivotal time for the establishment of this type of insurance, as it aligned with broader societal changes including the rise of labor movements and increased advocacy for workers' rights.