In USA majority of the people know the need for life insurance, health insurance, car insurance, and even homeowners insurance, but they never thought about the disability insurance. Normally some companies are considering this fact and provide the disability insurance coverage to their employee.
The main aims of the disability insurance is to get the substitute income incase of you are not able to perform work. The disability insurance policy has design to help the person who may not able to do the work and need substitute income. The common criteria of eligibility to get the disability insurance is you need to so the work for some time.
Disability Policy is also called income replacement it is not an insurance policy. The income replacement policy gives employer to continue to pay the salary for some period of time if he/she becomes disabled for more than six months until you are eligible for Social Security coverage. This will save majority of the expenses of the employee.
In bigger organization HRD department can handle all such things while in small company the disability insurance is only a verbal promise because some time employer may be able to fulfill the assure the coverage due to finance problem.
