Unexpected events can disrupt businesses and livelihoods. Disability, whether temporary or permanent, can affect anyone, regardless of their age or current health, and prevent them from working. Disability insurance acts as a financial safety net if an employee cannot work due to an illness or injury. It covers a wide range of medical conditions, both short-term and long-term, and replaces a portion of lost income.

Here are just a few benefits disability insurance can provide to business owners.

• Protect your team. Your employees are the backbone of your business. Disability insurance means their loved ones will still have financial support to cover their needs while on the road to recovery, helping them maintain their standard of living and protecting their savings.
• Protect your company. If an employee cannot work, employers may be responsible for their salary while they’re on leave. Disability insurance helps offset these potential costs so employers can keep a business moving forward while the employee recovers. Policies typically have a waiting period before benefits begin, and the time employees receive benefits (the benefit period) can vary depending on the policy chosen.
• Supplement other benefits. Health insurance covers only medical expenses, while disability insurance replaces a portion of a worker’s income. If an illness or injury leaves someone unable to work, disability insurance can help cover essential costs like rent or mortgage, groceries, utilities, and even transportation.
• Demonstrate confidence and complicity. Some states require employers to provide short-term disability insurance. Having coverage ensures compliance with the law and avoids potential penalties. More importantly, offering disability insurance is a powerful way to show top talent that you care about their well-being, encouraging them to join or stay with your company.

Disability insurance is a smart investment for small businesses. It protects your most valuable assets and keeps operations running smoothly. And it provides vital financial protection to your valued employees during difficult times.

Contact us to learn more about protecting your business and your finances. Our experts are here to help.