Some employers drudge over offering Group Disability Insurance. However there are many advantages of having such a program in place. Everyone need disability protection, your employees are no different.

Group Disability Insurance offers you and your employees a paycheck after an accident or sickness. The waiting period involving this product, usually can be as short as one day for accident, and eight days for sickness. The cost of group disability insurance is usually cheaper than buying it on an individual basis. Yet this usually depends on the size of the group. The more employees you have, the more premium your group disability insurance company can collect, and therefore less chance of adverse selection.

People often put off buying an individual disability policy. Either they believe they cannot get injured or sick, or they believe they cannot afford it. Some think they automatically qualify for disability benefits under Social Security. This is not the case. Many times, individuals never qualify for any Social Security for disabilities.

It is important as an employer to protect your most important asset, your employees. Most group disability companies offer rehabilitation to your employees to get them back to work. Also, if they become disabled and recover, but nearly starve to death, they are not coming back to work for you. You may lose a good employee. Those without individual policies need to have Group Disability Insurance.

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