Disability income provides for the partial replacement of income lost by employees as a result of an accident, illness, etc.
Explanation:
Disability insurance plans provide workers with regular cash compensation created as a result of injuries, illnesses, and abortion. The profit protection with disabilities today is very popular and many companies will offer it.
Wages insurance for disabilities covers 60 percent of the wages of an insured.
DI insurance rates generally range from 1.5% to 3% of gross revenue of an insured.
The bulk of disability income plans include a time of waiting for which payments from a disability could not be paid.