Short Term Disability Insurance

Are you looking for Pennsylvania disability insurance for your company’s benefits package? If so, you’re in the right place! At Peterson Insurance, we work with you to compare long-term and short-term disability quotes and choose the best disability insurance policy for your needs and goals. We know that individual disability income protection is a must for a business owner and are ready to help you protect your future while ensuring your employees are taken care of in the event of an accident or injury that causes short or long-term disability.

How Does a Disability Insurance Policy Work for Employers and Employees?

When an employee is injured or disabled and can’t work, disability insurance provides them with a portion of their income to cover essential expenses like rent or mortgage payments, groceries, and utilities. It can also give them the financial support they need to pay for medical treatment. Policies vary, but most will replace 50-70% of an employee’s salary.

While it may seem like an added expense, offering disability insurance in PA alongside a company life insurance policy can actually save employers money in the long run. It helps keep employees from having to take extended leave without pay or quit altogether. In addition, it can help reduce turnover and the associated costs of recruiting and training new employees. If you’re thinking about offering this type of coverage to your employees, be sure to shop around for the best policy for your needs.

Understanding Your Options: Types of Disability Insurance in PA

There are two main types of disability insurance policies: long-term and short-term. A short-term disability insurance policy has a 0-14 day waiting period with a maximum benefit period of two years. Whereas a long-term disability insurance policy has a waiting period of several weeks to months with a maximum benefit period that can extend through someone’s life. As an employer, you can choose the best coverage options for your company and employees.

As an employee, you may need a personal disability insurance policy to supplement an employer group plan. We recommend that you check the group provisions carefully: How long does the group disability insurance coverage last? How much is the benefit? Does the disability insurance policy cover bonus and commission income? Will the coverage continue if you leave that employer? Ultimately, the best type of policy for you depends on your particular needs and circumstances.

Call Peterson Insurance for Your FREE Online Disability Insurance Quote Today!

At Peterson insurance, we understand you want to choose the best Pennsylvania disability insurance coverage at a price that works for you. We’ll help you navigate all of the extensive policy options for short-term and long-term disability insurance to ensure you provide the best coverage for your company and employees. Click or call to get your free online disability insurance quote or to speak directly with one of our local insurance agents to get started today!