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Q: What type of disability policy covers a fixed period of time and provides funds for long-term commitments if an owner or key employee of a business is disabled?
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Is group life insurance deductible as a business expense?

An employer's contribution to a group insurance plan is deductible as a business expense. This benefit is not taxable to the employee. An employee may not deduct a portion of the premium he cost shares with his/her employer. Typically a group benefit plan includes drug and dental coverage, lfe and long term disability . Where there may be cost sharing of the premium, an employer's contribution shoud always be to the health and dental portion. If any part of the premium for the long term disability is paid for by the employer, should the employee become disabled, then that benefit (usually up to 67% of the pre-disability earnings) would be taxable in the hands of the employee.


Is walmart employee short and long term disability insurance any good?

No Wal -mart and the Hartford just want your money. they say one thing and do another. It will not take care of you if you become disabled.


Disability Insurance Provides a Temporary Means of Income?

Disability insurance is important insurance coverage in the event that an employee is temporarily unable to work due to a physical disability. Disability insurance provides monetary compensation to policy owners while they are recuperating. Some states automatically deduct money from employee paychecks in order to cover them with state disability insurance in case of injuries that occur at work. Supplemental disability insurance policies that provide additional funds for disabled employees are also available. Disability insurance is good coverage to own, especially when there is temporarily no income from a job, and there are no additional savings in a savings account.


What is employee disability?

chroic melyod lukemia


How long can an employee remain away from work claiming he is filing for disability before employer replaces him?

In an at will employment state the employer has the right to fill an open job, especially if it is affecting their business. However, if the disability is work related - Get a lawyer.


Can an employer lay off after disability?

Legally, no, an employer should not lay off anyone after disability. However, it does happen. It particularly happens if the employee can no longer do his or her job correctly because of his or her disability.


Can an employee stay on health insurance on maternity disability?

yes


Can you receive a Federal employee disability annuity and a VA disability annuity payment together?

Yes you can collect Federal Disability Civil service and Va disability payment together, but the checks are separate.


How much compensation to an injured employee?

THere is no difinite answer to this question. It is determind by state law and by the percentage of permanent disability which the employee incurred.


Is disability insurance premium allowed as a pretax deduction in Ohio?

The pretaxing of disability premiums is a decision made by employers when setting up Section 125 benefit plans. There are three possible configurations: pretax only, after tax only, or employee chooses. When the premium is paid pre-tax the benefit becomes taxable when an employee is disabled. The employer and employee would both have a FICA or payroll tax obligation for the benefit paid. The insurance company may issue a 1099 statement for the benefits. There is no Ohio law changing the IRS guidelines on this topic that I am aware of.


What are qualitative factors involved in shutting down a part of a business?

(1) effect on employee morale, schedules and other internal elements; (2) relationships with and commitments to suppliers; (3) effect on present and future customers; and (4) long-term future effect on profitability


Is it ever acceptable for a business to check an employee's criminal history?

It is always acceptable for a business to check an employee's criminal history.