Employers are responsible for proactively addressing their employees' needs, and for offering solutions to mitigate current and potential financial risks.

Organizations need to make sure they're offering the right mix of programs and benefits that provide value and protection to all employees. One benefit that can help ensure employees in key leadership roles have sufficient protection in the event of a disability is an executive disability plan featuring individual disability insurance. Employers are responsible for proactively addressing their employees' needs, and for offering solutions to mitigate current and potential financial risks. Yet, executive disability plans with individual disability insurance are often overlooked.

Most companies do a good job of offering group long-term disability (LTD) insurance to their employees. It provides a good foundation of protection, usually 40-60% of an employee's base salary up to a specified monthly maximum. However, a company's management or executive team will often have their replacement income limited by coverage caps. Furthermore, incentive and bonus compensation is often not covered by group LTD, which can result in a company's key employees facing greater financial exposure should they suffer an illness or injury that keeps them out of work for an extended period of time.