Why Group Disability Insurance Can Be A Real Benefit To Your Business

Group disability insurance can be a fantastic way of making sure that your employees suffer as little as possible when misfortune strikes. It can also create the impression that every good employer wants to create – the impression that your company values its contributing staff, and will look after them when they are in need of help. Although there is an economic downturn, there is still competition amongst companies for quality employees, and having this kind of incentive can help persuade them to come and join you.

The need for disability insurance is there for just about every employee, no matter how menial their job. Ideally, they should have a mixed policy which combines long term regular payouts with something extra for the short term, to help them adjust to their sudden new life. Although this will need a slightly higher premium than just a basic long term program, the expense will not be that much higher as the short term payouts will only last for a fraction of the overall policy.

It is not only people who are ill or injured who need to take time off work. There is also the expectant mother, and these are not covered by state or employer programs in the USA the way they are in many other developed countries. If an employer can provide an insurance policy which covers maternity leave the way it covers disability, it is certain that this will make it more attractive to those planning to start a family. Many policies now have this provision as standard.

The policies which will work best, both for you as an employer and your employees, are the ones which are completely flexible. These go beyond the concept of just paying welfare checks to those who cannot work, and look to keep people active and to get them back to work as quickly as possible. By having a system where the newly disabled person is analyzed, and then put on the program which most suits their needs, you can give everyone the best chance of maintaining a high morale and returning to productive life as quickly as possible.

There are specialist group disability insurance providers who are used to doing all of this every day with their existing clients, so take advantage of the opportunity while you have it. Although there are moves within the federal government to increase provisions for the disabled, these are unlikely to happen in the near future due to the severe shortage of funding. Even the programs which are in place are needing to be cut in this economic climate. This just gives you more of a chance to be a hero by offering your employees a benefit they may not get from your competitor. Look after them by giving them comprehensive group disability insurance.

 

 

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Disability Insurance News:

 

Dont be a Stooge: Protect Yourself from Injury, Illness with Disability Insurance
Sure, the timeless eye poking and face slapping of The Three Stooges might trigger a few good belly laughs, but most people remain unprotected in the event of a serious injury, disability or illness...


Has the OAS change affected your disability insurance coverage? - Globe and Mail

Globe and Mail
Has the OAS change affected your disability insurance coverage?
Globe and Mail
If the company decides to extend disability coverage up to age 67, they get a new price from the policy provider. Whether they decide to extend it is another matter. If you have private insurance, there are currently three main options for coverage in .
Workers won't be forced to take unsuitable jobs: FinleyCTV.ca

all 205 news articles »
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For Disability Insurance Awareness Month, MR Insurance Consultants Reminds . - Houston Chronicle

For Disability Insurance Awareness Month, MR Insurance Consultants Reminds .
Houston Chronicle
Coordinated by the nonprofit LIFE Foundation, May is Disability Insurance Awareness Month (DIAM), an educational campaign devoted to raising consumer awareness regarding the financial risk of becoming disabled and the benefits of using disability .

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Disability Insurance Awareness Month Highlights Need to Know about Social . - Houston Chronicle

Main Line
Disability Insurance Awareness Month Highlights Need to Know about Social .
Houston Chronicle
Many people in today's workforce don't think about disability until an illness or injury prevents them from working. But being knowledgeable about disability insurance is crucial to any person's financial plan, according to Allsup, which has helped .
HENRY BRIGGS: Why Mary Ann Galeota litigates for the disabledMain Line

all 8 news articles »
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$1b committed for disability insurance scheme
Treasurer Wayne Swan has announced the Federal Government will make an initial contribution of $1 billion towards the creation of a National Disability Insurance Scheme (NDIS)...


$1b for disability insurance scheme
The National Disability Insurance Scheme to receive $1 b in the budget for the early stage of its roll out...


 

 

Getting Social Security Disability - Click Here

 

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