Your Employer and Group Long-Term Disability Insurance

If you work in at a job that holds many work placewill become disabled before reaching 67. If an
hazards with high rates of work-related injury, youemployee loses their livelihood, he is likely to bring a
may be wondering if there is anything that can helppersonal injury lawsuit on his or her employer. The high
you in the event of an accident. Ask your employer ifcost of fighting and possibly paying damages in a
the company has long term disability insurance or LTD.lawsuit far outweighs the monthly cost of LTD
LTD insurance is different from workman'sinsurance.
compensation insurance which most employers have.This type of LTD insurance is called Group long term
Workman's compensation only pays for the initialdisability. Employers have the choice of providing
medical costs of injured workers. But serious injurycoverage for all employees or making participation in a
does not end at medical costs. On the job injuries areprogram elective if they choose to pay.
often so severe that become disabling. Workers mayWhen LTD Insurance Companies Deny Employee
not be able to perform their learned trade because ofClaims
the injuries they received for long periods of time.If an insurance company denies income reimbursement
Some will never be able to work in their chosen fieldfor a covered employee who was injured at work, it is
again. When this happens, along with medical andmainly up to the employee to contest the decision. As
rehabilitation bills, they are losing income.an employer, you can try to steer your employee in
Long term disability insurance is an answer to thisthe right direction and provide them with any
problem. LTD offers income reimbursement up to anecessary information about contesting a decision, but
certain percentage depending on your plan and thein the end, the most important aspect of appealing is
extent of the injuries. LTD can provide income forpersonal medical information. Only an employee has
years, or in some instances, until retirement.access to the necessary documents needed for him
Why LTD Helps Employersor her to have a fighting chance of getting the decision
The chance that an employee working in hazardousoverturned.
conditions will become disabled at some point isFor more information on group long term disability
actually fairly high. In fact, almost 3 in 10 20 year-oldsinsurance, visit Indianapolis lawyers.