As an employer, it is important to provide your employees with benefits to keep them healthy and secure. One of the more popular employee benefits offered today is short-term disability insurance. This type of insurance provides employees with a portion of their salary due to a covered illness or injury while they are out of work. Read on to learn more about how short-term disability employee insurance works and why it’s so important for employers to offer this benefit.

What Does Short-Term Disability Employee Insurance Cover?

Short-term disability employee insurance covers illnesses or injuries preventing an employee from working for a short period—usually six months or less. Covered diseases and injuries can range from the common cold, broken bones, pregnancy complications, or any other medical issue preventing employees from performing their duties. Typically, the insurer pays up to 60-70% of the employee’s salary while on leave, which constitutes a significant amount of help.

What Are The Benefits Of Offering Short-Term Disability Employee Insurance?

Offering short-term disability employee insurance can benefit companies in many ways. Nowadays, employees want to know their employer is looking out for their well-being and health, so having a robust medical and disability coverage plan can help attract top talent to work with your organization. Additionally, it ensures employees have some income while they are away from the workforce due to an injury or illness. This can give them a sense of financial security which any employee always appreciates. Finally, such a policy promotes a workplace environment of care and respect between employer and employee and enhances productivity by ensuring employees remain healthy while they remain at work.

Considerations in Offering Short-Term Disability Insurance

When selecting short-term disability insurance for your employees, it's important to consider the level of coverage you need and how it fits within your company's budget. Additionally, consider factors such as plan exclusions, rules around pre-existing conditions, whether or not new hire participants are automatically enrolled in the insurance policy, and how the policy will be administered. Taking the right steps now can help ensure you and your team have the protection you need should unfortunate events occur in the future. As an employer, having a comprehensive, future-proof strategy to implement premier short-term disability insurance for your employees is essential.   The success of businesses large and small relies significantly on having the right employee benefits in place, and this is where Employee Retention Benefits stands ready to provide solutions. With over 50 years of experience and access to over 120 insurance carriers, our premium short-term disability plans offer superior coverage at an affordable cost. Whether you’re looking for peace of mind for your employees or financial protection for yourself, our mission is to make sure you get the right product at the right price. Give us a call to learn more about our short-term disability plans. Let us be your benefits partner today!