Each company, regardless of size, employs persons who are essential to the continued success of the business. Key person disability insurance was created to protect the business in the event one of their key members suffers an illness, injury, or accident resulting in a disability. Investors, stakeholders, and business owners are able to continue operations and manage finances without major disruption.
While the number of employed persons with disabilities is low (only about one-third of people with disabilities are employed), growth through 2022 is expected. This is a compelling reason for employers to lay the right groundwork for a process around reasonable accommodation requests.