* Required Field * Your Name * Phone * City * Province * Email     Four Character Validation Why have we added this? Four Character Code       Change Image * Enter the four characters from above

Short Term Disability (STD)/Weekly Indemnity (WI)

STD/WI is used to compensate lost income suffered by an employee after an accident or illness that causes a short term absence from work. To be eligible for STD the employee must be unable to perform his or her duties of their own occupation.

When an employer offers Wl to their employees they may be eligible to opt out of Employment Insurance Sickness Benefit and qualify for reduced EI premiums. The STD plan has to be equal to or better than the El plan to qualify for the discount.

STD plans are based on the employee’s pre-disability weekly gross income. The STD plan is generally set up to start on day one of an accident or hospitalization and the 8th or 15th day after a sickness and continues for 15, 17 or 26 weeks. The STD benefit is typically integrated with Long-Term Disability benefit and is a taxable benefit unless the plan member pays the premium fully.