disability insurance
Income Protection for your Employees
Disability insurance provides financial protection when employees are unable to work due to illness or injury.
We help employers design flexible Short-Term and Long-Term Disability programs that fit both their workforce and budget.
Options include:
- Short-Term Disability
- Long-Term Disability
- Executive Disability Plans
- Voluntary Employee-Paid Plans
- Employer-Paid Benefits
- Supplemental Income Protection
We work with employers to create benefit structures that protect employees across all income levels—from hourly team members to highly compensated executives.
Is this typically voluntary or employer paid?
Every business has different approaches based on their total benefits package and resources available. Most employers provide some basic coverage for employees with additional coverage being voluntary. for Executive plans it is not uncommon for them to be negotiated on a case by case basis.
About Piggyback
Short Term Disability
Short-term disability (STD) insurance provides income protection for employees who are temporarily unable to work due to a covered illness, injury, pregnancy, or other qualifying medical condition. These plans are designed to replace a portion of an employee's income during recovery, helping reduce financial stress while allowing them to focus on getting back to work. Benefits typically begin after a short waiting period and can last anywhere from a few weeks to several months, depending on the plan design.
Offering short-term disability insurance demonstrates an employer's commitment to employee well-being while enhancing a competitive benefits package that supports recruitment and retention. Plan options vary by benefit percentage, waiting period, maximum benefit amount, and duration, allowing employers to customize coverage to fit their workforce and budget. Our team helps organizations evaluate carriers, compare plan designs, and implement cost-effective solutions that provide meaningful protection for employees while aligning with overall benefits and financial objectives.
Long-Term Disability
Long-term disability (LTD) insurance provides ongoing income replacement for employees who are unable to work for an extended period due to a serious illness, injury, or disabling medical condition. Unlike short-term disability coverage, long-term disability benefits begin after the short-term benefit period ends and can continue for several years, until retirement age, or for the duration specified by the policy. This financial protection helps employees maintain stability during life-changing events while reducing the long-term financial impact of a disability.
For employers, long-term disability insurance is a valuable component of a comprehensive employee benefits strategy, offering peace of mind to employees and their families while strengthening recruitment and retention efforts. Plans can be customized based on benefit percentages, elimination periods, maximum monthly benefits, benefit duration, and optional features such as cost-of-living adjustments or own-occupation coverage. Our team works with businesses to compare leading carriers, evaluate plan options, and design cost-effective long-term disability solutions that provide meaningful protection while supporting the organization's overall benefits strategy.
Executive Coverage
Executive disability insurance is a specialized form of disability coverage designed to protect highly compensated employees, executives, business owners, and key personnel whose income often exceeds the limits of traditional group disability plans. Standard employer-sponsored disability policies may replace only a small percentage of an executive's total compensation due to benefit caps, leaving significant income unprotected. Executive disability coverage helps bridge that gap by providing additional income replacement through supplemental individual or group policies tailored to the unique needs of leadership teams.
Providing executive disability insurance is an effective way to attract, reward, and retain top talent while protecting individuals who play a critical role in an organization's success. Coverage can be customized based on salary, bonuses, commissions, deferred compensation, and other forms of earnings, with flexible benefit amounts, waiting periods, and policy features. Our team helps organizations evaluate executive disability solutions from leading insurance providers, ensuring key employees receive the level of financial protection they need while aligning the coverage with the company's overall compensation and benefits strategy.
Contact Us
Healthcare is no joke, lets get it right
Costs & time sums up healthcare well. Lets see if we have something that can fix that!
Piggyback
Call us | 208-444-7775 Email us | help@piggyback.help
