Disability Insurance is an insurance policy employers may offer as part of a benefits package, or can be purchased by an individual. With a disability insurance policy, if an employee becomes unable to work because of a disabling accident or illness or sometimes even a mental health illness, he is paid a set amount in benefits each month.
There are numerous types of New York state disability insurance packages, and vary by how much is paid, limitations on coverage, when benefits can begin, how long benefits can be paid, and definition of disability.
Your trusted advisors at Tompkins Insurance can help you understand NYS Disability and build a customized employee benefits program that’s just right for your business and your budget. Click here to request more information.