What is supplementary occupational disability insurance in SAP FS-CM - Claims Management?

SAP Term: supplementary occupational disability insurance

• Component: FS-CM

• Component Name: Claims Management

• Description: Additional insurance cover as part of occupational disability insurance.

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• Key Concepts: 
  Supplementary occupational disability insurance is a type of insurance that provides additional coverage for employees who are unable to work due to an occupational disability. This type of insurance is offered by employers and is typically used to supplement existing disability insurance policies. It is available in the FS-CM Claims Management component of SAP software. 
  
  How to use it: 
  In the FS-CM Claims Management component, employers can set up and manage supplementary occupational disability insurance policies for their employees. This includes setting up the policy, managing claims, and tracking payments. Employers can also use the software to monitor the performance of their policies and adjust them as needed. 
  
  Tips & Tricks: 
  When setting up a supplementary occupational disability insurance policy, employers should consider the needs of their employees and make sure that the policy meets those needs. Employers should also review their policies regularly to ensure that they are still meeting the needs of their employees. 
  
  Related Information: 
  For more information about supplementary occupational disability insurance, employers should consult with their insurance provider or a qualified financial advisor. Additionally, employers can find more information about FS-CM Claims Management in SAP's online documentation.