Why It Pays to Get Disability Insurance for Your Company

Insurance is an integral part of a growing business, no matter the size of your company. Not only does it cover your employees in case of unexpected circumstances, but it also protects your business from being held financially and legally liable.

When it comes to this, you will probably consider obtaining group health or life insurance for your workers. However, have you ever thought about disability insurance? Some companies tend to neglect this coverage type for various reasons, but what they fail to realize is how beneficial it can be for their people and business in general.

In this article, we will share why it pays to get disability insurance for your company:

1. Attracting a pool of talents

There are several features that applicants typically look for in a company, and they include compensation and benefits! When it comes to benefits, they are most likely after the insurance coverage, and those talented people who can be valuable assets to your company are all the more critical to be covered. If they see that your company offers comprehensive insurance, including disability coverage, they will likely apply to your company. In other words, even having disability insurance can attract a pool of talents to your company.

Here at Abbot Benefits, we offer short-term and long-term disability insurance along with life insurance coverage. As a group of health insurance brokers, we only want the best for your employees and business!

2. Keeping your much-valued employees

As a company, you must do what it takes to keep employees who are valuable assets to your business. However, accidents can inevitably strike any employee. The chances are that they cannot come to work due to an illness or disability, whether short term or long term. Of course, you will want them to go back to work after recovering, where you will be able to retain them if your company provides disability insurance. Besides that, this is your way of giving back to your employees who have done so much for your company.

3. Supporting employees with growing families

In any business, there will always be expectant mothers who want to have a growing family and need to take maternity leave. It is your corporate responsibility to support this as a business that values employees and upholds the gift of life in general. However, pregnancy-related disabilities can strike some of these expectant mothers. For this reason, you will want to provide them with some protection through short-term disability insurance. That way, they can come back to work after they have fully recovered.

4. Giving you a competitive advantage

Did you know that comprehensive insurance coverage is a reflection of a thriving and flourishing company? Having disability insurance shows that your company has the financial capability to provide its employees with various forms of protection. By offering this coverage type, you can level the playing field and even acquire the best talents for your company to give you a competitive advantage over other companies in your industry!

Conclusion

Disability insurance serves its purpose in a given company. The five benefits discussed above are enough reasons you must consider getting such coverage for your people and company in general. Not only does it benefit the disabled employees alone, but it also protects your business and uplifts your overall business image and reputation!

We’re a group health insurance broker in Houston, providing medical, dental, vision, or life insurance to small and medium-sized businesses. If you need group health insurance with disability coverages for your company, get in touch with us today to see how we can help!