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Torian Insurance offers an easy and affordable way for employers to provide group disability insurance for their employees. Our plans are customizable, so you can choose the coverage that’s right for your business and your employees. Plus, our team of experts will help you every step of the way.
Group disability insurance is a valuable benefit for both employers and employees, providing crucial income protection in the event of illness or injury that prevents an employee from working. Covering a percentage of an employee’s salary, typically 50-70%, this insurance ensures financial stability during periods of disability.
Cost-effective and often subsidized by employers, group disability insurance offers lower premiums and easier access compared to individual policies. With simplified enrollment and often guaranteed issue, employees, including those with pre-existing conditions, can readily obtain coverage.
The insurance usually includes both short-term and long-term options, addressing various durations of disability.
Delve into the complexities of group disability insurance with confidence by partnering with a seasoned insurance agency. Leveraging years of specialized experience, we are prepared to navigate your unique coverage requirements and provide tailored solutions.
Evaluate your organization's specific needs and potential risks. With our expertise, we will help you design a customized group disability insurance policy that aligns perfectly with your business objectives and employee welfare goals.
Enhance your workplace by offering essential financial protection through group disability insurance. By prioritizing your employees' wellbeing, you create an attractive, supportive environment that promotes loyalty and productivity.
You can rest easy with Torian. As independent Insurance agents, we work for YOU, not the insurance companies! Our expert staff has your best interest at heart which means providing the best coverage.
Group disability insurance provides financial protection for employees if they become unable to work due to illness or injury. It helps replace a portion of their income during the period of disability.
Short-term disability insurance covers a portion of an employee’s salary for a limited period, typically from a few weeks to up to six months.
Long-term disability insurance provides income replacement for an extended period, which can last several years or even until retirement age.
The cost of group disability insurance can be covered entirely by the employer, shared between the employer and employees, or paid entirely by the employees, depending on the company’s specific benefits structure.
Most group disability plans cover between 50% to 70% of an employee’s salary. The exact percentage can vary depending on the specific plan provided by the employer.
The taxability of the benefits depends on who pays the premiums:
– If the employer pays the premiums and does not include them in the employee’s taxable income, the benefits are typically taxable.
– If the employee pays the premiums with after-tax dollars, the benefits received are generally tax-free.
There are many benefits to offering group disability insurance to your employees:
– Financial Security: Provides income protection during illness or injury.
– Employee Loyalty and Retention: Enhances employee satisfaction and reduces turnover.
– Recruitment Advantage: Attracts top talent with comprehensive benefits.
– Support for Recovery: Includes rehabilitation and return-to-work programs.
– Cost-Effective: More affordable than individual policies.
-Tax Benefits: Potential tax deductions for the employer.
They have always treated us fairly since we first started working with them. Have always felt as though they are being honest and advising in our best interest. I would highly recommend giving them a shot. I don’t always look for the cheapest, who I work with is extremely valuable to me. I feel, after speaking with friends about cost and service, that I am getting both, a good all around value and experience from the Torian team.
Last summer during the Covid-19 crisis our employee insurance came up for renewal and the team at Torian stepped up for us big time. They made it fast and easy for our company to transition to one of their providers with white glove service. Our employees had new cards and coverage without a single hitch. We’re so happy to have them as our insurance company.
3000 E Division St. Evansville, IN 47711 | Phone: (812) 424-5503 | Contact Us
3000 E Division St.
Evansville, IN 47711
Phone: (812) 424-5503
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