Healthcare employers must compete for healthcare professional employee talent during the growing physician shortage. Savvy brokers can help.
First, it is essential to understand how important disability insurance is to healthcare professionals. Healthcare professionals purchase almost half of all individual disability insurance.1 And the AMA reports2 that 77% of physicians feel disability insurance is “essential” vs. “nice to have” and 60% of physicians reported knowing another physician who suffered a disabling accident or injury. Finally, physicians are 3x more concerned about disability risk than professional liability risk.3
Second, help your client understand how offering disability insurance to their employees can bolster recruiting and retention of top healthcare professional employees.
Brokers who help their clients achieve up to 70% income replacement will win in today’s competitive marketplace. Providing the right TYPE and right AMOUNT is key to true income replacement.