Business owners insure buildings, vehicles and more, but the most important resource for any business is its employees. Group Health insurance protects employees by connecting them with a network of doctors, hospitals and pharmacies and providing substantial healthcare savings.
A Group Disability policy is a single policy which can cover a group of all eligible employees and is often more cost-effective than individual coverage. Premiums may be paid by the policyholder (the employer) and deducted from payroll, known as a noncontributory plan, or individuals may pay all or a part of the premium to the policyholder, known as a contributory plan. In either case, the premiums are generally lower than individual disability plans because the larger the group, the smaller the risk.