The Life and Health Insurance Foundation for Education Website reported that, “1 in 8 workers will be disabled for 5 years or more during their working career”, and the 2011 Social Security Administration Fact Sheet disclosed that 67% of workers in the private sector have no disability insurance.

Short Term Disability (STD) and Long Term Disability (LTD) are valuable policies designed to temporarily (and in some rare cases, permanently) replace income for covered individuals who are unable to work as a result of an illness, or a non-work related accident.

Employers should consider the numerous benefits to offering STD and LTD coverage to their employees. First it helps employers stay competitive in hiring, recruiting, and retention of valuable employees. Secondly, the cost of the benefit programs are tax deductible, and most importantly employers who provide disability coverage experience far less fraudulent Workers’ Compensation claims.

McSweeney & Ricci’s expert Benefits Department will customize a competitive benefits program for your business that can include health insurance, long and short term disability, group life and dental insurance.

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