- It provides peace of mind to your employees as they are automatically insured without medical testing
- Subscribing to group salary insurance is easier than getting individual protection
- Cost savings. Offering group disability insurance is more economical than offering individual protection
- It optimises an employee’s compensation as payments are not taxable
Salary Replacement Insurance
Short term disability insurance
Short term disability insurance allows the employee to receive a portion of their salary in case of sickness or an injury. The amount paid out to the employee represents a percentage of their weekly salary.
Short term salary replacement insurance usually replaces the benefits from Employment Insurance.
Long term salary replacement insurance
Long term salary replacement insurance provides for the payment of a salary when an employee must miss work for an extended period due to illness or injury. The protection of the public plan of the Quebec Pension Plan (Régie des Rentes du Québec) covers only permanent disabilities and is the sole source of income for the employee.