How Do You Choose Short Term Disability Insurance For A Small Business?
When government plans aren’t enough to cover your lost income, you would be wise to buy short term disability insurance for your business. No one envisions losing income or having a severe disability but it does happen. Choose short term disability insurance for a small business and make sure you and your employees are protected in the future. Decide what kind if insurance you need. There are different plans that cover different work situations, ages and incomes. Older employees may cost more but younger ones may need maternity leave. Be realistic about what your company can afford to pay in premiums. Take into account a cost of living adjustment so that your plan will cover what is needed down the road. Determine how much an employee would need to pay for normal living expenses like rent and food. Ask employees to pay toward the short term disability insurance policy each week in the form of paycheck deductions so your company costs will be lower. Understand that short term disability
