group disability insurance

group disability insurance definition - business

group disability insurance

Insurance coverage for an organization's employees or members who are unable to work and earn a paycheck because of injury or illness. Benefits are generally a function of earnings prior to the disability or illness and are limited to payments for a maximum number of months.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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