hould I get Disability Benefits

 Why should I get Disability Benefits for my employees?

First, let’s answer the pressing question: are you required to offer disability benefits to your employees?

Technically speaking, no, you’re not legally obligated to offer disability insurance.

So, should you offer disability benefits to your employees?

First, it depends on how many employees you have. If you have less than ten, a group plan may be too expensive to be worth the trouble.

If you have more than ten, then it may be worth investigating your options for coverage.

Advantages

There are a variety of advantages to group disability coverage if you choose to go that route. Such as flexible plan options, lower than individual rates and much more user-friendly premiums.

Providing your employees with disability insurance helps them stay afloat while they are unable to work for an extended period of time. Group disability insurance replaces up to 70% of their regular income and helps to cover the sometimes hefty expenses associated with treatment, equipment and recovery from their ailment(s).

Lastly, offering disability coverage as a benefit for employees makes you more attractive as a workplace. You’ll be able to attract better employees in the future.