Since the cost of disability insurance is basically the same regardless of the size of your business, offering this option is another great way to attract top-tier employees. There are two types of coverages a company can offer its’ employees: short-term disability (STD) and long-term disability (LTD). STD covers 60% of the employee’s salary and lasts 13 to 26 weeks. LTD covers 60% of the employee’s salary and lasts for a minimum of two years or as long as retirement age. In most cases the cost is between .25 and .5 percent of total compensation for either option.
PGP offers both short and long term disability as well as state-mandated disability, enhanced disability, and buy-ups.