Group disability insurance policies provide income if you or your employees become partially or totally disabled. In the United States, one out of every five workers will have a disability that will keep them out of work for five years or more before the age of 65. With statistics like this, short and long-term disability insurance are important and sought-after benefits to offer.
When you or one of your employees becomes disabled, short-term disability is utilized first, typically after a 1 or 2 week waiting period (or deductible). After approximately three months of coverage, a long-term disability policy supplements income, typically up to 60%.
A Berkshire Insurance Group representative can work with you to determine the right policy for you and your employees. Not all polices are created equal and it is important to have the right coverage and riders, so the policy is there when you need it most.