The Wallace Insurance Agency

Short-Term Disability Coverage 

“The Importance of Short-Term Disability Coverage: Protecting Employees’ Finances”

Short-Term Disability Coverage is a type of insurance that provides financial protection for workers who are unable to work due to a non-work-related injury or illness. It is designed to replace a portion of the employee’s income during the period of disability, typically up to six months. This coverage helps individuals cover their daily living expenses, such as rent or mortgage payments, utility bills, groceries, and medical expenses. Short-Term Disability Coverage is usually provided by employers as part of their employee benefits package, but individuals can also purchase this coverage independently. To qualify for benefits, an employee typically needs to meet certain criteria, such as having a specified number of hours worked in a certain period. The amount of coverage provided is usually a percentage of the individual’s earnings, ranging from 50% to 70% of their regular income. This coverage can be crucial for individuals who do not have sick leave or other support systems in place to cover their expenses during a temporary disability. It provides peace of mind and financial stability during challenging times, allowing individuals to focus on their recovery without worrying about their financial obligations. Short-Term Disability Coverage is an important aspect of protecting one’s financial well-being and is especially valuable for individuals whose livelihoods depend on their ability to work.

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