No one plans on becoming disabled and missing work, but it can happen. An illness or an accident could cause one of your employees to be unable to work for months, or even years.
While their health insurance will cover their medical expenses, it won’t cover the cost of living while they recover.
Only 30% of American workers in private industry currently have access to employer-sponsored long-term disability insurance coverage, according to the U.S. Bureau of Labor Statistics.
That means most workers — and their families — do not have adequate protection against one of the most significant financial risks that they face.
That’s why you should be offering your employees voluntary short-term and long-term disability insurance. Why Your Staff Needs Short- and Long-Term Disability Coverage