Disability & Workers Compensation
Disability insurance is a form of insurance that insures the beneficiary’s earned income against the risk that a disability creates a barrier for a worker to complete the core functions for their work. It encompasses paid sick leave, short-term disability benefits, and long-term disability benefits. Statistics show in the US a disabling accident happens on average once every second. Nearly 18.5% of Americans are currently living with a disability, and 1 out of every 4 people in the US workforce will suffer a disabling injury before retirement. These facts can be startling, and on top of that, each disability insurance type has specific rules as to how someone qualifies to receive the benefit and if it is considered a short-term or long-term disability. These factors and more dictate exactly how much is paid out and over time period the disbursements cover. Contact one of our highly-qualified insurance agents to learn more and figure out exactly what kind of disability insurance is right for your business.
Workers’ compensation laws and requirements vary by state, but generally, any business that has employees must have coverage. Workers’ Compensation insurance provides coverage for injury or disease caused by an employee during the course and scope of their employment responsibilities, regardless of employer negligence. Whole employer liability insurance protects employers in the event they negligently cause a work-related injury that isn’t covered by workers’ compensation.