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Protecting your most valuable asset, Your Income.
One of the most overlooked benefits in the small business marketplace is disability insurance. Statistics show that 1 out of 4 people will suffer a disability before age 67. Yet many business owners overlook maybe one of the most important benefits they can offer their employees.
Many business claim cost to be the major factor for business owners not offering disability insurance to their employees but rarely do they look at the cost of losing an employee who is sick or injured and cannot come to work for an extended period of time.
Disability insurance can be offered in the workplace as voluntary benefit where the employee pays for his or her own coverage or it can be sponsored by the employer and paid in full as an additional “perk” for working at the company.
A group long term disability insurance plan typically covers employees after short term disability has been exhausted, generally 90 to 180 days.
Group disability is designed to replace 60% of your base salary to a monthly maximum spelled out in the policy. A majority of group LTD plans on the market typically cover 60% of base salary to a maximum of $5,000 a month. Please note that bonus income, as well as commission income is often not covered.
Just about every major insurance company offers a group disability plan but there are only a handful of insurance companies that do it right and offer, Generous payouts, Limited Underwriting, Carve-Out Policies for Key Employees, Fixed pricing for 2 years and Competitive Pricing.
For a free quote from our best long term disability carriers in the industry, just complete the form below.