Diability Insurance
Short-term and long-term disability coverage protect you when you are off the job for a period of time due to illness or injury.
Short-term disability (STD) is coverage that pays a percentage of an employee’s salary when they are not able to work as a result of injury or illness. Employees can receive up to 60% of their regular wages (typically 40-60%) through short-term disability insurance.
Long-term disability (LTD) coverage pays 50-70% of an employee’s salary when the employee is unable to work due to injury or illness.
It’s important that employees have a plan in place. One in four people in their 20s will become disabled before they turn 67, according to the Social Security Administration.
Providing short-term and long-term disability insurance at your business is a great benefit. Dealing with an illness or injury for an extended period of time is stressful on its own before factoring in the loss of wages.
8286 South Avenue Building A | Boardman, Ohio 44512 | Phone: 330-953-3722