Our Disability Insurance

Protect your employees in the event of an injury.

Our Disability Insurance Services provided by Cowell James Forge Insurance Group.

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We are able to provide you with both short and long term disability insurance at a very affordable price. We understand more than anyone how important it is for you to get insurance that reflects your business circumstances, and that is why we give you the chance to cater your policy to your exact needs.

Our Disability Insurance Kansas City and Across the U.S.

We are proud to say that we work with the finest disability insurance experts in Kansas City, and this gives us the chance to make sure that we always give you the maximum amount of coverage without compromise.

Disability insurance is essential to your business, as it helps to protect your employees from temporary loss of income if they get sick or injured. It should be a fundamental part of your employee package. Potential employees will not usually want to come and work with you if you do not offer good insurance packages, so it’s vital that you take your time when choosing.

If you don’t choose the right package, then you may end up paying for a policy that doesn’t give you any benefit and your team will end up losing faith in you as a result.  Want to find out more about the benefits of our disability insurance services? Keep reading!

Loss of Income through Injury or Illness

Employees can easily take out insurance for themselves. This leads a lot of business owners to believe that they do not need to pay for insurance as part of their employee benefits package. This is not true at all. In fact, you can easily use your employee disability plan as a way to attract new talent, while also helping your team to know that while they work for you, they are going to be looked after.

So how does disability insurance work? Disability insurance essentially pays out to an employee of your company, who might not be able to work because of an injury. It also covers those who are not able to work because of illness. In a lot of cases, your insurance policy will pay out up to 60% of your employee’s salary. This is also paid tax-free as well.

Short and Long-Term Coverage

When you choose a plan for your team, you will be able to offer short-term coverage or long-term coverage. When you take out short-term coverage, this will be capped at six months. You also have the option of long-term coverage. This will run for a number of years, but it may even be until you hit retirement age. Other options include payments that cover the mortgage of the employee, or any other related debts that they may have.

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Employee Benefits

Group Health Insurance

Risk Factor

One of the main factors in attracting and retaining good employees is the benefit program offered by employers. This typically starts with your group health insurance plan.

Solution

Regardless of the company’s financials, there are ways to make health insurance available to your employees and their dependents. Offering health insurance doesn’t have to break the bank. There are many solutions available to small, mid-size, and large employers.

Group Life Insurance

Risk Factor

When employees are worried about their financial situation, they may not be as productive. Many individuals today do not have life insurance or adequate savings to cover final expenses, which places additional stress on employees and/or their families when the need arises.

Solution

A group life insurance plan can put your employees’ minds at ease, knowing their family will have resources available when they need them. Policies can also include a dependent benefit to help the employee pay for expenses if their dependent passes. Another solution is to offer a voluntary life benefit whereby the employee pays a lower premium through payroll deduction than they would if they found coverage on their own. Group life insurance is also tax deductible.

Disability

Risk Factor

Many employers are faced with offering lower wages than their competitors and find it difficult to find and retain qualified workers.

Solution

Offering a short-term and/or a long-term disability program can provide prospective and current workers with another form of financial stability. An employee may be offered a higher wage elsewhere, but are they offered protection if that paycheck stops due to pregnancy, illness, or other disability? How will they pay the mortgage or other bills? Employers offering a disability plan can provide peace of mind to their employees and gain an advantage over those that don’t.

Group Dental Coverage

Risk Factor

Failure to have regular dental checkups can lead to more serious problems than a toothache.

Solution

Offering dental coverage to your employees can help encourage them to see a dentist on a regular basis. Gum disease has been linked to heart disease as well as diabetes. Catching these issues early not only helps your employees’ health, it may help reduce your long-term health insurance costs before a big claim hits!

Vision Care Coverage

Risk Factor

Similar to dental coverage, if your employees are not getting regular eye exams, they may have underlying medical conditions such as heart disease or diabetes that can surface later at a greater expense to your medical plan.

Solution

Offering vision care coverage is a very affordable component to offering health benefits. It’s an inexpensive portion of the benefit package with a high value of return and can help offset the impact of increased medical costs, becoming a cost-effective, early intervention tool.

Voluntary Coverage

Risk Factor

Not being able to meet an employee’s individual needs can pose a threat to worker retention and attracting new talent, both of which can be costly to your bottom line.

Solution

Offering voluntary coverage lets your employees choose benefits that are important to them. It’s a cost-effective way to provide a variety of benefits at little or no impact to your monthly premiums. Examples of voluntary coverage include:

  • Critical illness, hospital indemnity, and cancer coverage.
  • Life, dependent life, short-term, and long-term disability coverage.
  • Dental care.
  • Vision care.

Compliance Audits

Risk Factor

Compliance audits are increasing and Department of Labor fines can be costly. Do you have all of the documents and paperwork at your fingertips should you receive an audit letter?

Solution

A good benefits broker will educate you on the compliance pieces so that you are prepared for that dreaded day. A wrap document covers most of what is required and the remaining forms should be readily accessible with proof of distribution to employees and/or eligible participants.

Why Disability Insurance is Key to your Employee Happiness

Offering disability insurance is a fantastic way for you to make sure that any employees who may be sick or injured, have time to rest before they return to work. This means that they are able to return to work in better shape. It can also drastically reduce the amount of stress that your employees experience as well. This prevents your team from having to rush back to work and it puts an end to any work-related stress that results from the injury or illness.

A Policy That is Customized for You and Your Employees

There are various other policies out there and some of them are very different to disability insurance. You should make sure that you do not confuse disability coverage with some of the other policies that are out there. Worker’s compensation coverage is mandatory for your business and it pays out if someone in your team is injured while they are at work. Social security is run by the government, and it helps those who have disabilities who may not be able to work.

As we have said, disability coverage protects your team if they are injured or ill, and cannot work. It covers part of their salary so that you are not out of pocket if something happens. It also allows your team member to take the time they need to recover, without the pressure of having to go back to work before they are ready.

If you want to find out more about the policies that are available or if you want to make sure that you are getting one that caters to your needs, then get in touch with us today. The expert team and Cowell James Forge Insurance Group will give you the advice and support you need!

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