Browsed by
Tag: Employees

What You Need To Know About MEL Insurance

What You Need To Know About MEL Insurance

Maritime employee’s liability coverage is an insurance policy that offers protection for employees serving aboard vessels owned by someone other than the employer. MEL insurance is not legally required, but if you have workers who perform duties on someone else’s vessel, it can save you from potential financial catastrophe should a worker sustain an injury, die or become ill. Who Is Protected? There are two classes of workers covered under MEL insurance. When your employees work on a boat that…

Read More Read More

Group Disability Coverage Offer Stability When Employees Are Sick or Injured

Group Disability Coverage Offer Stability When Employees Are Sick or Injured

Research shows one-fourth of today’s workers will suffer an absence from work because of disability sometime during their career. Even a short interruption in income can wreak havoc on finances. Fortunately, group disability coverages can make the difference between financial stability and financial hardship. Group Disability Plans Short-term disability group coverages replace a percentage of employees’ work income for a specific period of time, often three to six months or even up to a year. Long-term disability group coverages, if…

Read More Read More