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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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Importance of Employee Benefit Package And Why it Matters

HR Digest

From mandated health insurance plans to free snacks, benefits and perks can play a big role in talent attraction and employee retention. 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.

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How to offer health insurance as a small business

Higginbotham

Although some small business owners may feel overwhelmed by the prospect of offering health insurance and other benefits, the many advantages can make the effort worthwhile. ALEs are subject to certain health care reporting requirements. However, many small employers decide to offer health insurance anyway.

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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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Paid parental leave options: Understanding your rights

Business Management Daily

Employers can do this through a leave program they run or by adding short-term disability insurance to their health insurance and benefits package. Short-term Disability Employees can often use short-term disability insurance for pregnancy and childbirth.

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The Big Difference Between Long-Term Care and Long-Term Disability Insurance

Corporate Synergies

It’s important to educate employees on how long-term care and long-term disability insurance differ from each other. So it stands to reason that there’s a resurgence of interest in long-term care and long-term disability insurance. Rates may increase only by a class action that is approved by state insurance regulators.

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Investing in employee mental health benefits

Higginbotham

Mental health can also impact productivity: a literature review of 38 studies found clear evidence that poor mental health, particularly due to depression and anxiety, is associated with lost productivity, which can stem from absenteeism and presenteeism. By supporting mental health, employers may be able to contain costs.