This coverage is commonly offered as part of an overall benefits package and is designed to help protect employees’ income if they are unable to work for an extended period.
Some policies offer coverage for both short-term and long-term disabilities. Benefits typically start after a waiting period and can last until age 65, or longer in some cases.
It can also help to ensure that employees can continue to provide for themselves and their families while they recover.
For employers, offering disability insurance can be an effective way to attract and retain top talent.
Generally, policies that provide greater benefits or cover more situations will be more expensive than those with more limited coverage.
For employers looking to offer disability insurance, it’s important to work with a dependable company that can help them identify the best coverage options and negotiate favorable rates.
Understanding what it covers, why it’s important, and how to get started with coverage can help employees and employers ensure they have the right protection in place.
If you’re interested in learning more about disability insurance or adding it to your benefits package, contact Uniserv Financial Services today.
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