Disability insurance is crucial for businesses of all sizes, particularly those offering comprehensive benefits packages. While not usually required by law, some states, including California, New Jersey, New York, Hawaii, and Rhode Island, have state-mandated temporary disability benefits for employers.
The 1985 Commissioner's Individual Disability Table A indicates that 50 percent of Americans will experience a disability lasting 90 days or more between ages 35 and 65. This underscores the likelihood that some employees will face temporary or permanent disability during their careers. As a business owner, providing disability coverage helps minimize financial risks for your employees.
Having Group Disability Insurance is vital for employees to maintain financial stability after an accident, injury, or illness. By providing this insurance, your business can also benefit from attracting and retaining top talent. Employees today are increasingly discerning about the benefits employers offer. To remain competitive, consider including Group Disability Insurance in your benefits package.
Personalized Consultations for Your Needs
Recognizing that each business has unique needs regarding disability insurance, Freedom Brokers offers personalized consultations. Our experts will guide you through the options to find the best fit for your employees' needs.
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Let Freedom Brokers help your employees find the protection they need. Reach out to our professionals in Illinois and discover the best insurance solutions tailored for your workforce.
