What Small Businesses Should Know About Disability Insurance.

Thank you to CO–U.S. Chamber of Commerce for providing the content on What Small Businesses Should Know About Disability Insurance. 

Disability insurance policies cover individuals against income loss from short- and long-term illness and injuries.

Disability insurance, like many other types of insurance, is something you hope not to need — but you’ll be grateful to have it if something goes wrong. Unfortunately, as many as 43% of individuals aged 40 will have a long-term disability ​​​​​​​by the time they turn 65.

As an employer, you are not required to offer long-term disability insurance. However, about half of large and mid-sized employers offer it to their workers, according to the Insurance Information Institute.

Here’s what business owners need to know about disability income insurance and what it covers…

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CO–by the U.S. Chamber of Commerce.