Every year, there are thousands of work-related injuries and illnesses that can result in long-term disability, forced time away from work, and serious financial repercussions. Here are the top 5 work related injuries you to need to be aware of.
When you have assets such as a family home, it’s important to take steps to protect yourself and your loved ones. Long-term disability coverage protects you in the event of a workplace illness or injury, which may cause financial hardship to your family.
Some of the reasons why you may want to consider adding short or long-term disability insurance to your coverage, include:
- Your family members are dependent on your income
- You work a high-risk job (eg. construction)
- You don’t have an emergency fund to cover medical bills or any other unexpected expenses
Flexible and Affordable Mortgage Life Disability Insurance
Whether you’re suffering from a short term or long term disability, investing in a disability coverage will ensure that your family is kept financially stable during times of difficulties. At AIME, we offer flexible, transparent, and affordable mortgage life disability coverage to suit all your unique requirements.
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MORTGAGE LIFE DISABILITY INSURANCE
Top 5 Causes of Short and Long-Term Disability in The Workplace
Workplace and job-related injuries are highly varied, but there are some, whether it’s construction falls and slips, or accidents resulting from workplace conflict, that occur with greater frequency.
Here are the top 5 reasons for both short-term and long-term disability claims:
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Cancer: Cancer has been a leading cause of long-term disability for many years. It’s also one of the most costly diseases in Canada and can contribute to significant absenteeism in the workforce.
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Back Disorders: It’s very common for back disorders to become chronic and result in substantial time off work. Years or wear and tear can cause problems with the spine and nerves. Inflammatory conditions such as rheumatoid arthritis and osteoarthritis are also common in these claims.
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Cardiovascular Disease: Cardiovascular disease is a leading cause of death and/or disability in Canada. Recovering from such an illness can result in significant medical expenses, so benefits provided from long-term disability coverage can provide critical financial support and relieve any stress or anxiety.
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Joint Disorders: Short and long-term disability claims for joint disorders have increased significantly in the last decade. As people work longer and later in life, the effects of an aging workforce are beginning to show. With advancing age, natural wear and tear of the body starts to take its toll.
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Slips, Trips, and Falls: This is largely associated with employees slipping on ice/snow, water, defective flooring, or tripping over objects. Such injuries can cause significant disability, which results in lost wages, work restrictions, and even permanent disability.
How to Prevent Workplace Injuries
Workplace injuries can greatly affect a worker’s ability to perform gainful employment and earn a living. They may also impair the ability of an individual to enjoy and perform basic activities of daily living, whether on a temporary or permanent basis.
Here are 8 tips to help you lower the risk of workplace injuries:
- Educate your employees about safety measures and policies you have, and the importance of following the rules.
- Train workers properly for new job duties.
- Constantly monitor your employees to ensure they’re following all safety procedures and correctly using all equipment.
- Institute consequences for failure to follow safety measures.
- Only place workers in jobs if they possess the required skills and physical capabilities.
- Supply all required protective equipment (eg. safety glasses, boots, and respirators)
- Learn what your most frequent injuries are and then develop strategies to address and prevent them.
- Recognize and reward workers and teams who follow safety protocol and who initiate training or monitoring.
Call Today
To find out more about purchasing disability insurance with your 20/20 Mortgage Life Insurance policy, contact one of our licensed agents today at 1-844-974-2020 or fill in our online contact form.
