The first reason is the Disability coverage also covers them, the business owner, at a fraction of the cost.  It is also guarantee issue as long as the business has 3+ employees.  These are important considerations for any business owner to consider.

 

You also do the right thing by covering your employees and offering them a benefit.  They have the same problem buying disability coverage on their own.  Higher costs and underwriting considerations.

 

Disability coverage is the most important benefit after ones health insurance coverage.  It basically protects your ability to earn an income and pays you when you cannot.  Generally, the benefit is equal to 60% of your earnings before your disability.

 

Many employees don't think about this very important coverage until it is to late and they find themselves out of work for a time.  The cost of this benefit is usually less then 3% of the income it is protecting.

 

Tags: Tallahassee Insurance | North Florida Health Insurance | individual health insurance