Disability insurance is coverage that provides you with income protection, should you lose time on the job due to an injury or illness. With disability coverage, partial replacement of lost income is paid to you.

For working-age individuals, disability refers to a medical condition that reduces your ability to perform your job duties.

What is long-term disability insurance (LTD)?

LTD is a type of disability insurance coverage that pays employees a set percentage of their regular income after a specified waiting period. For example, if a worker is covered under short-term disability (STD) insurance as well, the LTD insurance would kick in once the STD policy is exhausted, typically after 3 to 6 months.

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Today, many women choose to balance their career with starting a family, so many employers face the issue of pregnancy and maternity leave among their employees. Companies handle maternity leave in different ways, but there are federal mandates for certain aspects of employee pregnancy and leave. Understanding and abiding by these regulations will help your company stay in compliance, avoid discrimination lawsuits and maintain an attractive benefits package for employees. Read the rest of this entry