Disability Coverage

Business disability insurance for the short term proves to be a benefit for both the employee and the employer by paying for the employee's potential loss of work time. In turn, the employee benefits when they are out of work for a short time without loss of major benefits and income. A disability insurance for the short term policy is a win-win coverage that costs very little. A policy is usually offered by the carrier that provides the company's major insurance benefits of medical and life. The premiums are based on the individual employee's salary, and the employee can elect to choose the coverage. Thereby the cost to the company is minimal for coverage.

Coverage provides wage replacement to individuals who experience wage loss due to a disability. This coverage lasts for up to one year. When a business disability insurance for the short term coverage is offered from an employer, the individual must work for a specified period of time - known as a service wait - before becoming eligible for benefits. Individual policies may be purchased directly from an insurance broker based upon a medical inspection. Individual policies are usually available if a person has not had any medical treatment for a potentially disabling medical condition during the past 10 years. Medical treatment includes prescription medications and physician consultations. If disability insurance for the short term coverage is offered, the employee must meet the active work requirement to be eligible to enroll.

When a policy is offered by a company, it is a sign of the company taking consideration for their employees' well-being. The disability insurance for the short term policy isn't a mandated offering, and to provide such coverage that protects the employee as well as the company is a generous offer that many smaller companies usually cannot afford to offer. By doing so they demonstrate a wisdom of scriptural ways, "Masters, do the same (good will doing service as to the Lord) unto (your servants), forbearing threatening: knowing that your master also is in heaven; neither is there respect of persons with him." (Ephesians 6:5-9)

Pre-existing conditions may receive limited benefits, however, the best time to enroll is at the initial offer of enrollment period. During the initial enrollment period of business disability insurance for the short term, the employee's medical history is not subject medical underwriting. However, any pre-existing condition may entail exclusions that may limit or delay the use of coverage. Business disability insurance for the short term will not be offered with most companies other than when the policy is instated for the company as a whole or for new employees at hire. It is a wise choice to buy into company disability insurance short term for the unexpected loss of work due to an injury or illness.