Disability Insurance

Disability Benefits

Including disability benefits in your employee insurance package safeguards your employees’ income in the event of a temporary disability. Eber & Associates can create a customized plan for your team’s needs.

Employer Options for Disability Benefits

While employees can secure their own personal disability insurance, businesses that include disability insurance in their employee benefits package often find that it attracts and retains talented staff while protecting them in case they’re unable to work.

What Is Disability Insurance?

Disability insurance provides financial support to employees of your business who are unable to work due to illness or injury. Usually, the payout amounts to around 60% of their regular salary and is frequently given as tax-free income.

When selecting a plan for your employees, policies provide them with short-term coverage, typically lasting up to six months, or long-term coverage that can extend for several years or even until retirement age.

There are additional disability insurance options available that provide payments specifically designed to cover an employee’s mortgage or other loans.

How Are Disability Benefits Different from Workers’ Comp?

Disability Benefits

Designed to support individuals with both short-term and long-term conditions or disabilities that prevent them from engaging in gainful employment.
Disability benefits provide a lump-sum payment if a person is diagnosed with a critical illness such as cancer, heart attack, or stroke. It covers the costs of medical treatment, lost wages, and other expenses.

Workers’ Comp

Provides financial assistance to employees who sustain work-related injuries from some form of accident. This can be either short-term or long-term, depending on the severity of the circumstances, and can be covered by the employer. Workers’ comp can provide a lump-sum payment if a person is injured in an accident, regardless of whether the accident is work-related or occurs outside the workplace (in some cases).

Giving Your Staff Time to Recover

Including disability insurance as part of your employee benefits package is a valuable way to support injured or ill employees. It provides them the necessary time to recover and return to work in a healthy state, free from any added stress.

This helps ensure that employees return to work appropriately rather than before fully recovering. Doing so could worsen their condition and prolong their recovery in the long run.

Take the Next Step with Eber & Associates

Disability insurance is important for anyone who relies on their income to support themselves or their family. This includes people who are self-employed, people who work in high-risk occupations, and people who have chronic health conditions.

By understanding what disability insurance is and how to get it, you can protect your employees from financial hardship in the event that they are unable to work due to an injury or illness.

Eber & Associates is here to cover you and your team through life for life.

Custom Insurance the Smart Way

When it comes to custom insurance solutions, you need a team you can trust to help you find the perfect fit. Let Eber & Associates guide you to a more secure tomorrow with the care, coverage, and confidence you deserve.