Daniels Insurance Agency

Group Disability Insurance When the Unexpected Happens

Employer-sponsored disability insurance is an important component of a company’s employee benefits package. For the majority of workers, the ability to earn a living is their most significant financial asset. Lengthy periods of disability can be financially devastating to workers and their families. Protection against that risk lies in disability income insurance, a product that can provide income to an employee should he or she become sick or injured and unable to work. It can protect workers and their families against financial catastrophe by helping them meet daily expenses.

Daniels Insurance Agency can provide your business with group disability coverage as part of our employee benefits offering.

How Group Disability Insurance Works

Group disability insurance provides income replacement to enable employees who are disabled to pay bills, including mortgages and college expenses, and to maintain an accustomed standard of living. It replaces a percentage of pre-disability income if an employee is unable to work due to illness or injury for a specified period of time. Employers may offer short-term disability coverage, long-term disability coverage, or integrate both short- and long-term disability coverage.

  • Short-Term Disability Coverage: Provides disabled employees with a specified percentage of pre-disability income—typically 60%—once sick leave is exhausted. The duration of the short-term coverage varies, but is typically not more than six months.
  • Long-term Disability Coverage: Benefits start when sick leave and short-term benefits are exhausted, replace about 60 % of pay, and continue anywhere from five years to the remainder of an individual’s life. Long-term disability insurance is generally considered protection against a catastrophic illness or injury, but many long-term disability claims result from common medical conditions that cause an increasing level of impairment over time, such as heart disease, musculoskeletal and connective tissue conditions, hypertension, and diabetes. Group long-term disability insurance can provide the means for your employees to be able to sustain themselves financially should a disability take them out of the workplace for an extended period of time.

Rates and benefits vary based on the age, duties and earnings of your employees. Our staff is available to help you compare all your options.

We’ll help you prepare for tomorrow today.

Daniels Insurance Agency is poised to help you navigate the risks you face today while assisting you with solutions and strategies to support your business as it expands and grows. We are also an integral part of the communities we serve, understanding the issues of our region to effectively serve our business and individual clients. Give us a call at 800-530‑8885 to find out how we can assist you.