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No one knows the direction their life would take or what would happen the next day, we might be ok today, but we cannot predict the same for tomorrow. This is where the importance of insurance plans comes in, it allows us to forestall the future with a little more certainty. Also, there are a lot advantages that comes with having a disability insurance cover.
What is a disability insurance?
This kind of insurance is the kind of insurance that protect people from physical threats that might occur at their working place while they are performing their duties. This insurance is also known as DI.
This worker’s insurance guarantee that workers (or their heirs, in the event of an accident leading to death) gets paid for short or long-term injuries they might have sustained when carrying out their duties. Apart from physical injuries or disabilities that might occurs during work, this insurance policy also covers psychological injuries that might have developed due to their physical injury.
What are the benefits of having a disability insurance.
This insurance ensures that your employee get the right compensation and protection whenever the need arises. No employee looks forward to being mortally injured at work, because it would be a hard time recovering and finding the strength to go back to work. So, having this insurance would help them be at ease, knowing that they are at least covered in the event of an accident. This insurance policy is a way of protecting your employee’s welfare, so when the need arises, you won’t have much to worry about.
Studies have shown that one disabling accident occurs every second. So, you must look for a way to stay on top of the situation. Every employer or employee knows at the back of their mind that it’s just a matter of time before someone gets into an accident, especially those that work at places that could go out in flames at any moment or that can come stumbling down, e.g. construction site or restaurants to mention a few. So, employers who are responsible should be on the lookout for their employees should anything go wrong.
Although, taking precautions can only do little when it comes to certain works place that have highly unpredictable condition, no amount of protection can completely cover employees from a dangerous environment, some of them are just inevitable. There is also the fact that some severe physical injuries can progress to permanent or psychological damage, so, the employers should not take the risk his employees are exposed to lightly.
In conclusion, although this insurance policy is to ensure that your employees have a safety net when an accident occurs while they are performing their duties at their place of work, it is also a way of protecting yourself from any law suit that might come up if you have no insurance policy for your workers and one gets injured, you’ll have to pay way more than you would if you had had an insurance policy in the first place.