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Disability insurance for business owners

Higginbotham

If you’re someone who’s familiar with the intensity of that commitment, have you considered what would happen to your business if you were unable to work due to a disability? In this article, we will explore the importance of disability insurance for business owners and how it can help protect your livelihood in times of need.

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The importance of disability insurance

Higginbotham

It’s a real risk, and it’s why anyone who depends on a paycheck needs to understand the importance of disability insurance. Why is disability coverage important? If you had a one-in-four chance of losing your house to a flood , you’d probably want to protect it with flood insurance. Savings can deplete fast.

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The Disability Insurance “trust gap” Part 2: Actions

Workers' Compensation Perspectives

[This is the second part of a discussion on the Disability Insurance “trust gap”. It is based on notes and discussions points for sessions in a 4th year Disability Management course on Workplace Insurance and Benefits. Part 1 explored the reasons for the lack of trust in disability insurance.

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Illness or Injury: How Your Business Can Protect Your Employees

InterWest Insurance Services

You as an employer can help by offering group disability insurance to your employees. This insurance helps replace a portion of a worker’s income if they lose their income due to an injury or illness. Typically, disability insurance policies will replace between 50 and 65% of a worker’s income.

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CAN VETERANS GET SSDI BENEFITS IF THEY BECOME DISABLED WHILE ON ACTIVE MILITARY SERVICE?

Attorney Charlie Hall

Disabled veterans can apply and get Social Security Disability Insurance at the same time as Veteran Administration (VA) Disability Compensation. Getting approved for disability benefits provides increased income stability for veterans and their families. DEFINITION OF DISABILITY.

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16+ types of employee benefits you should consider

Genesis HR Solutions

This list of benefits (and their definitions) can help; compare the 16 types we’ve listed here to what you currently have available, and see if you’re offering things prospective employees are really looking for. Below, we’ve loosely categorized these types of employee benefits and given a basic definition of each. Medical Insurance.

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New Laws for 2023 part II

InterWest Insurance Services

Other changes in the proposed standard include: The definition of “close contact” would be the same as that of the California Department of Public Health, but would add that such close contact applies whether or not face coverings are used. Verification of death, burial or memorial services. 10) PFL wage replacement.

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