Short-term Disability

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Short-term Disability Short-term disability is an income replacement benefit that provides a percentage of pre-disability earnings on a weekly/monthly basis when employees are out of work on a disability claim. It typically covers off-the-job accidents and illnesses that workers’ compensation would not cover. It is a period of time employees are eligible for short-term disability insurance coverage, typically it will depend on regulations of that jurisdiction. Short-term disability is designed to protect both the employee and the employer if the worker can no longer do their job as a result of illness or injury. When a qualifying event happens, an employee can file a claim with their insurance company to receive the amount of income specified in the policy benefits. Common examples of short term disability events include; suffering broken bones or other injuries that result in being unable to perform day-to-day tasks, illnesses that requires a stay in hospital or at home, (during pregnancy child births) , or surgery that requires an extended recovery period, accidental injuries. The length of short term disability coverage varies, but most policies are written to cover 90 days or 180 days of disability. Short-term disability benefits are bi-weekly/monthly payments under paid through a group insurance policy. Or employer run benefits plan. It is a type of income replacement benefit paid to eligible workers. To qualify, you must meet employment as well as disability requirements. #benewinsurance #insurtech #inclusiveinsurance #insurance #reinsurance #takaful

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