Group Disability

What Is Group Disability Insurance?

  • Group Disability Insurance pays an insured employee a policy benefit when that person is unable to work because of an accident or illness. Benefit periods may range from one, two, or five years to a lifetime.

  • The amount of the benefit can be a flat $100, $200, or more, but is not to exceed 60% of an employee’s earnings. A waiting period before an employee can collect can range from first day accident/sickness to 7, 14, 30, 60, or 90 days.

  • There may be limits to how much you can purchase based on your earnings.  Rates will vary based on occupational duties and job duties.

  • No laws require employers to offer short term or long-term disability coverage, but about half of large to mid-size corporations offer it to their workers. Typically, Group Disability replaces about 50% of the worker’s salary.

  • Do not confuse Group Disability Insurance with Worker’s Compensation Insurance, which covers an employee who is unable to work due to an injury or illness that is job related. Group Disability Insurance is for accidents/injuries/illnesses that happen after work. For more information on work accident benefits go to our Workers Compensation web page.

Why Provide Group Disability Insurance?

  • To attract and retain quality personnel, a complete Group Employee Benefit Program is a requirement.

  • Depending on the number of employees and the average age of the group, certain uninsurable employees can become eligible on large group plans at a very affordable rate. In some cases, a group insurance plan is the only way some employees could qualify for coverge and would not be eligible for a personal policy through the same carrier.
  • It provides efficiency and productivity as this package assures employees of security for themselves and their families.

  • Premiums are tax-deductible as a corporate expense, which means you, the employer, realize tax savings.

  • Group Disability Benefits relieve the employee from being without income for an extended length of time, especially in the case of an employee injured in an accident, recovering from surgery or contracting a long-term illness.

For a quick quote, contact one of our Employee Benefit Specialists at (504) 441-7283 or complete the Online Quote Request form and you will be contacted immediately.

How Can Dan Burghardt Help You?

  • We shop and compare rates with multiple companies, including Hartford, MetLife, Assurant, Provident, Guardian, The Principal, Sun Life, Aetna, and Assurity, and can save you up to 30%.
  • Our Group Specialist will work with you and discuss a variety of plans and premiums that best fit your budget.

  • We will continue to monitor the market for more favorable rates and/or benefits, and bring them to your attention for consideration when they are available.

  • Most of our carriers provide online applications and enrollment tools to simplify the administration services required to maintain these employee benefits.

  • Plus, when you buy through us, you will get more than just a Group Disability Insurance Plan: you get a group insurance partner. We provide these services at no extra cost.

For a quick quote, contact one of our Employee Benefit Specialists at (504) 441-7283 or complete the Online Quote Request form and you will be contacted immediately.