What Type Of Coverage Do I Need To Have In Place For My Business?

 

Temporary Disability Insurance (TDI) is a "wage replacement" program that pays benefits to partially replace lost wages due to off-the-job sickness or injury (including pregnancy). With few exceptions, all employers in Hawaii with one or more employees (full-time, part-time or temporary) are required to provide disability benefits for its employees.

Statutory Plan Benefits

  • Pays up to 58% of average weekly wages up to the State of Hawaii weekly benefit maximum.
  • Benefits payable from the 8th day of disability.
  • Maximum 26 weeks of benefit during the benefit year.

Advantages to Employers

  • Satisfies State of Hawaii requirement for TDI.
  • Fulfills moral and social obligation to help replace lost wages.
  • Positively affects employee morale.

Advantages to Employees

  • Provides reliable source of income in the event of off-the-job sickness or injury (includes pregnancy).

Coverage Eligibility:

  • Injury or illness is not work-related.
  • Injury or illness prevents you from performing your regular work.
  • Disability is certified.
  • Employee hired immediately before the date of injury or illness; if separated from job, within two weeks of separation date.
  • Employee worked at least 14 weeks during each period in which the individual was paid for 20 or more hours and earned not less than $400 during the 52 weeks immediately preceding the first day of disability.

Pacific Guardian Life offers Temporary Disability Insurance to Employers insuring employees residing in Hawaii; this plan may not be available to employees residing on the mainland. Pacific Guardian Life makes no representations regarding an Employer's legal obligations under Federal or State employment and other applicable laws. Employers should contact their legal advisors for further information and advice regarding compliance with such laws. Pacific Guardian Life plans comply with applicable state laws. In some cases, state laws require amendments to the benefits described above. This is an outline and summary of standard plan provisions, but does not reflect all state variations. The employer will be given certificates for distribution to each insured employee who describes their plan in detail. This is not the summary plan description required of certain employers by ERISA.

 

 

What Are Some Of The Different Types Of Insurance Products Available For My Employees?

 

Temporary Disability Insurance (TDI) is a "wage replacement" program that pays benefits to partially replace lost wages due to off-the-job sickness or injury (including pregnancy).  With few exceptions, all employers in Hawaii with one or more employees (full-time, part-time or temporary) are required to provide disability benefits for its employees.

Group Term Life Insurance is an affordable way of providing life insurance protection for employees during active employment. It is the most popular of the non-required employee benefits offered in the workplace today.

Long Term Disability Insurance (LTD) provides active employees with an income stream if they should become disabled and unable to work for extended periods of time due to an accident or sickness. Typically, LTD is meant to begin when short-term disability or temporary disability payments stop.

 

 

How Do I Obtain A Quote For Business Insurance Products?

 

Contact your business insurance Agent, Broker or Benefits Consultant for a quote

We currently work with many insurance agencies and Benefits Consultants.

Or Contact Us

Feel free to contact us anytime for more information on our employee benefits. Click here to contact a PGL representative.