A medically determined physical or mental condition that has persisted, or is anticipated to persist, for at least 12 months or causes an early death is required for an employee to be eligible for disability compensation.
So what exactly is disability insurance?
- Indemnifying a company for costs and losses incurred while a key employee is disabled is the goal of key-person disability insurance. The crucial person is not benefited.
- These costs are typically associated with recruiting, hiring, and training a replacement for the important person who is harmed.
- A medically determined physical or mental condition that has persisted, or is anticipated to persist, for at least 12 months or causes an early death is required for an employee to be eligible for disability compensation. This means they cannot perform any type of profitable employment.
To learn more about Disability insurance refer to:
https://brainly.com/question/27078302
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