Having the right business insurance helps guarantee the success and longevity of any commercial undertaking. While business owners hear a lot about employee health insurance, professional liability protection, and property coverage, one less-discussed type of coverage is short-term disability. Below are a couple of reasons to consider it.

Take Care of Your Employees & Yourself

Most importantly, short-term disability is a way to care for your employees. A business owner who doesn't have this type of insurance will need to make the extremely difficult decision of determining when, or if, an injured worker's pay should be discontinued after their sick days have run out. Do you stop paying them entirely and risk losing a good employee? Or do you continue paying them and take a not-insignificant monetary hit? This type of business insurance allows both parties to maintain their financial footing.

Attract Skilled, Committed Professionals

In this day and age, job hunters are not just looking for a paycheck; they look for additional benefits that show they are valued as employees and human beings. For example, a worker wants to know that if they need to take time off work for illness, they will not go bankrupt in the process. Therefore, by having short-term liability business insurance, you are opening up your candidate pool to include more skilled, committed, and qualified personnel. Additionally, current employees are less likely to look for other opportunities if their needs and health are being well looked after.

When choosing short-term disability coverage, you are safeguarding both yourself and the employees you rely on. The insurance agents at Alcorn Insurance Agency have been serving Northern New Mexico for more than 35 years. They provide a wide range of insurance solutions, including auto, home, and liability policies. Call (575) 756-2197 or visit them online to obtain a quote on short-term disability or business insurance today.