This type of insurance provides temporary financial support to employees who are unable to work due to a medical condition. It typically covers a portion of the employee's salary (usually 60-70%) for a limited time, often ranging from a few weeks up to six months. Short term disability is designed to help employees during recovery from injuries or illnesses, ensuring they have some income while they are unable to work.

Long-term disability insurance offers more extended financial protection for employees who are unable to work for an extended period, often lasting beyond six months. It generally pays a percentage of the employee’s salary (commonly 50-70%) and can continue for several years or until retirement age, depending on the policy. This insurance is essential for providing ongoing support for serious, long-term health issues that prevent employees from returning to their jobs.

Key Benefits

• Income Replacement: Both STD and LTD provide financial assistance, helping employees manage living expenses during recovery.

• Peace of Mind: Employees can focus on their health without the added stress of lost income.

• Employer Support: Offering these benefits demonstrates an employer's commitment to their workforce's well-being.

In summary, group short-term and long-term disability insurance are vital components of employee benefits, ensuring that staff members have financial support during challenging times due to health-related issues.