Why Offer Short and Long Term Disability Coverage to Your Employees?

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.

More from the Latest News

Massachusetts Flood Insurance: Is your Home Protected from Flood Damage?


This week in New England Mother Nature brought flash flooding, thunderstorms and torrential downpours. The severe weather even forced a partial evacuation of Norwood Hospital that left several motorists stranded. Summer storms, poor drainage systems, snow melt, neighborhood construction, and broken water mains can all cause flooding. Massachusetts residents maybe accustomed to wild weather but […]

We’re Keeping Connected During COVID-19: Focus on Guido the French Bulldog


It’s July 1st and we’re feeling happy about three things today: As of Tuesday, The Massachusetts Department of Public Health reported that there were no new COVID-19 related deaths across the state Boston Red Sox players reported to Fenway Park for the first time since the COVID-19 outbreak This weekend is the long Independence Day […]

Working From Home? Make Sure Your Homeowners Insurance Has You Covered


The Coronavirus pandemic has forced many U.S. workers to work remotely from their homes. In fact, a poll by Gallup conducted March 30-April 2 found that “Sixty-two percent of employed Americans currently say they have worked from home during the crisis, a number that has doubled since mid-March.” (1) With the sudden nature with which […]