After suffering an illness or injury, your financial situation can change quickly. From the moment that you need to stop working in order to recover, it is likely that you will be losing wages. Long- and short-term disability insurance acts as a safety net for those who would otherwise suffer significantly after being unable to work.

If you foresee that you will be unable to work for a significant amount of time, you may be wondering what options you have in making an insurance claim. If you are suffering due to an injury at work, you may be able to claim workers’ compensation. However, if the reason for your illness or injury is not work-related, you may have to rely on private insurance taken out by you or your employer.

What is short term disability insurance?

Short-term disability insurance is a relatively affordable insurance policy that is quick to come into effect after an injury. The duration of benefits depends on the policy but they generally do not extend beyond 2 years.

When is it appropriate to file for long term disability insurance?

If you have been injured and you know that the implications will likely affect you for years to come, you can claim long term disability insurance if you are covered. This coverage will likely take longer to come into effect in comparison to short term disability insurance, and the coverage will last up to the age of 75.

It is important that you understand what your insurance company owes you when you become ill or injured. If you believe you are not getting what you deserve, it is important to take action.