Disability Insurance

It’s likely that in your business, you have a wide variety of insurance policies such as healthcare, liability, car and property to choose from. But many small business owners neglect what may be one of the most important types of insurance coverage – disability. According to the U.S. Social Security Administration, 56 million Americans live with disabilities and 38 million live with severe disabilities. And for 20 year olds that are insured for disability, more than 1-in-4 of them will become disabled before reaching retirement age.

Disability benefits are employee benefits that guarantee income if an employee cannot work due to illness or an accident. Disability benefits can be optional or mandated by law. Employers may choose to offer disability benefits to employees who are out of work because of an accident or illness.

Disability insurance is a benefit that can help your business to attract and retain talent.