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# Disability Insurance

Disability Insurance is a type of insurance policy designed to provide income to individuals who are unable to work due to a disabling injury or illness. It serves as a financial safety net by replacing a portion of the insured person’s income during the period they are unable to perform their job. This insurance is crucial for maintaining financial stability when an unexpected disability prevents regular employment.
For example, if a manufacturing worker suffers a serious back injury that prevents them from performing their duties, their disability insurance policy would pay them a portion of their salary until they can return to work or reach retirement age.
Disability insurance policies vary in terms of coverage, waiting periods, and benefit amounts, and they can be short-term or long-term, depending on the individual’s needs and the policy’s terms.
Related Terms:
Long-Term Disability (LTD)
Employee Assistance Program (EAP)
Family and Medical Leave Act (FMLA)
Occupational Health and Safety (OHS)