Protect your employees from loss of income with a comprehensive group disability insurance plan. As a crucial component of an employee benefits package, our team will design a plan tailored specifically to your business needs.
Attract and retain top talent with Employee Disability Insurance. Offering disability insurance as part of your employee benefits package can be a valuable asset in attracting and retaining top talent. While employees can purchase personal disability insurance, businesses can provide peace of mind and show their commitment to their staff.
Disability insurance provides financial support to employees who are unable to work due to illness or injury. This coverage typically replaces 60% of the employee’s salary and is paid as tax-free income.
Businesses have the option to offer short-term coverage (usually capped at 6 months) or long-term coverage (lasting several years or until retirement age), and some plans even provide mortgage or loan protection.
Offering disability insurance also helps to ensure that employees have the necessary time to fully recover, promoting a healthy return to work without stress.
It’s important to differentiate disability insurance from workers’ compensation insurance (for workplace injuries) and social security disability insurance (for serious long-term disabilities).
For more information on providing disability insurance for your employees, reach out to us today. We would be happy to discuss your options.
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