Long Term Disability and Employers
Employers overseeing employees that engage in risky work throughout the week face a great deal of liability if there is a serious injury. The employee can sue for sums that can be damaging to the business if he or she has a disabling injury. One way for employers to safeguard themselves against potential lawsuits is by getting long term disability insurance.
Long term disability insurance taken out by an employer can provide a certain level of income reimbursement to the injured employee if he or she is injured to the point that they are unable to work for an extended period of time.
The Costs and Benefits
The amount of benefits an employee can receive post injury varies from plan to plan. The more extensive and expensive the plan, the more the injured employees will benefit. Payment for the plan also varies. Some employers pay the full sum of long term disability insurance while others pay part of the plan and expect employees to pay the rest. Some employers may choose to make participation in a plan optional and thus expect employees to pay for the majority of coverage.
If you would like to learn more about filing a long-term disability claim, or if you would like legal help and guidance while filing your LTD claim, then the Indiana long-term disability lawyers of Hankey Law Office can help. To speak with an attorney about your situation, contact us today at (800) 520-3633.