fbpx
Your source for the latest health, disability and Insurance news and tips

Why small business owners should buy group disability insurance

Even though you may not be a human resources or benefits expert, as a small business owner it is important to learn as much as possible about group disability insurance. This is a benefit that has a lot to offer employees, as well as the well being of the company as a whole.

From our California readers to those in other parts of the United States, the need for disability insurance remains the same.

Without the right group disability insurance place, both parties, including the employer and the employee, can be faced with financial trouble. From a business owner point of view, if an employee is unable to work you are going to lose out on productivity along with the possibility of decreased revenue. On the other side of things, employees could also find themselves short on cash if they are unable to collect disability insurance.

The statistics back up the claim that it is beneficial for small business owners to purchase group disability insurance. For instance, only nine percent of long-term disability stem from serious accidents. In other words, an injury does not have to be serious in order for somebody to be unable to work. Along with this, the Social Security Administration estimates that roughly 25 percent of 20-year-olds will be disabled at some point before age 67.

As a small business owner, there are more benefits of buying group disability insurance than there are potential drawbacks. The statistics back up why this is such an important purchase in today’s era. Talking with an employment law team can help you to better understand why this is a sensible move on the part of a business owner.

Source:  Small Business Trends, “The Case for Employee Disability Insurance as a Business Owner” Michael Zuna, Dec. 20, 2013

Our Promise To Our Clients:

  • FREE: Consultations and Insurance Case Evaluations Are Always Free
  • UNDERSTANDING: We understand how you feel. Our clients are often at the very bottom of their life, feeling emotionally, physically, and financially exhausted.
  • PASSIONATE PEOPLE: Our expert Attorneys and Dedicated Staff Love The Work We Do. We are Compassionate, Caring, and Results Driven.
  • UNPARALLELED RESOURCES: We will not be bullied or outspent by billion-dollar insurance companies or their army of lawyers. 
  • RESPECTED: We have fought and won the respect of every disability and Long-term care insurance carrier for our policyholders.
  • RESULTS: Frank Darras and his firms have recovered nearly a $1 billion dollars in wrongfully denied insurance benefits to date, and we put that proven track record to work for you and your family.

DarrasLaw is Americas' most honored and decorated disability litigation firm in the country. Mr. Darras has seen more, evaluated more, litigated more, and resolved more individual and group long term disability and long-term care cases than any other lawyer in the United States.

Request a Free, Confidential Case Review.
Skip to content