Many people think disabilities are caused by accidents at the workplace, but the majority of disabilities are the result of illnesses. Disabilities do not favor an age or gender. Any person can become disabled, which is why it is important to offer disability insurance as an option to your employees.
Long-term disability insurance provides employees with income protection if they are unable to work for a prolonged period of time due to an injury or illness.
Employees covered by long-term disability insurance are paid a set percentage of their income after short-term disability benefits expire. Long-term disability policies are often offered as part of a standard benefits package.
Offering long-term disability insurance can make your company more appealing as an employer and help you attract high-quality talent.