Do you own your own business and you don’t know why short and long term disability insurance is needed? In this post, we will go over as to why it should be a necessity for any company.
For the most part, dental and vision care are increasingly important for employees. However, short and long term disability insurance is becoming even more important among employees. The reason behind the increasing popularity of the short term and long term disability includes the idea that someone who misses a considerable amount of their work due to an emergency illness or injury, no business owner wouldn’t struggle with the most significant decision of how best to resolve the issue. Here are some vital things to consider when it comes to having short and long term disability insurance in your company.
Access To Disability Insurance Is Getting Better
Over the last decade, there has become increasingly immense importance made to increase the employer-provided access to both long and short term disability insurance plans. In fact, employees are happier when they can have access to short-term disability insurance plans through their employers. And for long-term disability insurance, employees are also looking to their employers for these key benefits.
The Lack Of Interest Will Frustrate Employees
Employers want their employees to be happy and stay at the company. In fact, employers will often get frustrated with the idea of offering short-term and long-term disability insurance with low enrollment plans. As a result, it appears employers claim they feel as though these voluntary benefits are a complete waste of time because just a handful of employees end up signing up for them. However, the reality is, if presented strictly as voluntary benefits, it can admittedly be hard to convince employees that they would actually benefit from all these different types of benefits. But, while most people will probably never need short or long term disability insurance, it is always nice to be protected in case of an emergency. In theory, there is a possibility of any employee experiencing a disability for a period that would require them to take short term or long term disability leave. Having the security of a paycheck (however, different than the regular paycheck), can do wonders for employees and their families.
Get Your Voluntary and Supplemental Insurance Policies with the MWE Partnership!
Are you a business looking to provide your employees with essential voluntary benefits? If so, look no further than The MWE Partnership. When you choose The MWE Partnership, you get experienced service and comprehensive voluntary benefit options that will meet the needs of all your employees. With over 17 years of experience, The MWE Partnerships is your one-stop shop for all your supplemental benefit needs. If you are interested in finding out how The MWE Partnership can help your business, then contact us today! Also, be sure to like our Facebook page, and follow us on Twitter and LinkedIn for all the latest voluntary benefit news!