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Oct. 16 - New Job Loss and Disability Insurance Launched in Georgia

Category: Georgia News

Brunswick Business Journal Staff Report

October 16, 2018 - SafetyNet, an insurance that provides workers a lump-sum payment after an unexpected layoff, illness, or injury, is now in Georgia.

“Research shows nearly eight out of 10 workers are living paycheck to paycheck and almost half of Americans have less than $1,000 in savings, and often no savings at all,” said SafetyNet President Dan Kaiser. “SafetyNet is there so people won’t have to dip into retirement savings or borrow money after a sudden financial shock, such as an unexpected layoff or injury.”

SafetyNet said its customers can use funds from approved claims to cover any and all expenses after income loss, whether or not they have access to other unemployment and disability benefits. SafetyNet coverage is hassle-free and affordable, unlike traditional disability and supplemental unemployment insurance products, which are limited, slow, and fragmented.

“For many Georgia residents, losing even one paycheck can wipe out their entire savings,” Kaiser said. “SafetyNet prevents that by providing affordable access to an emergency fund when workers and their families need it most.”

In addition to Georgia, SafetyNet currently serves residents of Wisconsin, Iowa, South Carolina, Mississippi, Missouri, Oklahoma, North Carolina, Michigan, and Colorado.


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