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Mental Injuries: Workers’ Compensation and Disability Insurance Part 1

Workers' Compensation Perspectives

Many workers’ compensation jurisdictions and work-disability insurers have noted increasing mental disorder (also called psychological injury, mental injury) claims over time. US Social Security provides benefits to workers for certain disabilities. In this post, we survey some of the data reflecting this increase.

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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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Who Needs Disability Insurance?

Fringe Benefit Analysts

That’s where disability insurance comes in. What is Disability Insurance? Disability insurance can replace your lost income if you’re unable to work due to illness or injury. Think of it as insurance for your paycheck, which is likely your most valuable asset. Who needs disability insurance?

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Workers’ compensation vs disability insurance

Higginbotham

Workers’ compensation and disability insurance are two different types of programs that can provide benefits. Learn about the differences between workers’ compensation vs disability insurance and why your workers may need access to both. What are disability insurance benefits?

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Voluntary Benefits Improve Employee Satisfaction and Retention

InterWest Insurance Services

As a result, many employers are increasingly turning to voluntary employee benefits, which allow them to provide valued, high-demand benefits to employees at little or no cost to the company. The employer deducts any fees or premiums for these benefits from employee paychecks and forwards them in a single batch to the benefit vendors.

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Importance of Employee Benefit Package And Why it Matters

HR Digest

Employer benefits package is key to attracting and retaining top talent. Create a plan to review the employee benefits package routinely Business Owner and Manager together can design employer benefits package as it is key to attracting and retaining top talent. Dental or vision insurance 4. Retiree health insurance 6.

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The importance of key person insurance for your business

Higginbotham

However, death and disability are real risks. Just as individuals should make plans for their families by purchasing disability and life insurance , business owners are wise to purchase key person insurance. Like regular life insurance, it pays a death benefit to the beneficiary if the insured passes away.