Why should any entrepreneur add disability insurance to their employee’s insurance package?
Neverman insurance offers disability insurance that will protect you from unexpected costs caused by a disability in Lakewood, North Ridgeville, North Olmsted and Avon
If you are an employer, and you have heard about disability insurance, but you do not think that you should buy it for your employees, you should reconsider your decision. Why? To find out the reasons why any entrepreneur should include this type of insurance to their employees’ insurance package, you should further read this article.
First of all, keep in mind that even though your employees are relatively young, a recent study shows that 40% of the people who faced long term disabilities over the past four years are younger than 40 years. This is due to the fact that most of them have to work with machines, and in some cases, even a slight glimpse away can cause severe injuries. So, if this was the reason why you thought you do not need disability insurance, you should think again.
On the other hand, even if your employees are not working with heavy machinery that can hurt them, more and more people are starting to have musculoskeletal, and connective tissue disorders, which can also lead to movement problems. In addition, the number of people with disabilities caused by cancer also grown over the last few years, and nowadays takes a total of 15% of the new claims.
Another fact shown by this study, revealed that there are more women who need disability insurance than men. As a consequence, if your work force consists mainly of women, you should definitely include this in your employee`s insurance package.
At last, maybe the most important reason why you should consider adding disability insurance is that it will protect you from unexpected costs caused by the disability of your works, as your insurance company will have to pay for their salary, as long as this is required.