What's The Damage?
Adding disability coverage to your benefits package
If you think disability insurance is something only corporations can afford to offer employees, think again. Granted, disability insurance isn't cheap. But before you say no simply because of the cost, take a few minutes to actually look behind the dollars.
Larry Schneider, a disability insurance specialist with the Disability Insurance Resource Center in Reston, Virginia, says offering disability coverage builds morale and loyalty-two critical issues in today's labor market. It also reduces companies' responsibility to continue paying disabled workers in situations where they might feel obligated to do so. And although workers are more likely to carry life than disability insurance, the reality is we're at greater risk of becoming disabled than dying during our working years.
Continue reading this article - and everything on Entrepreneur!
We make some of our best content available to Entrepreneur subscribers only. Become a subscriber for just $5 to get an ad-free experience, exclusive access to premium content like this, and unlock special discounts.
Entrepreneur Editors' Picks
-
Crypto Doesn't Have to Be Serious. Just Ask This Comedian Who Organized a Conference About Failure in the Industry.
-
Want to Succeed? Turn Your Fixed Mindset Into a Growth Mindset.
-
Google's CEO Is Asking Employees 3 Simple Questions to Boost Productivity
-
'Greatest Storyteller Wins.' Katy Perry on the Surprising Link Between Pop Stardom and Entrepreneurship.
-
How to Unleash Your Creativity and Transform Your Marketing Strategy
-
The 5 Personalities You Meet in a Coworking Space
-
'Man's Best Friend' — and Investment: The Thriving Industry of Pet-Related Franchising