Small Business Disability

What would happen to your business if you became sick for one year? How about sustaining a leg injury for eight months? To the unprepared small business owner--an illness or accident resulting in disability could destroy everything you have worked so hard to build. Disability insurance replaces your income in the event of an accident or illness. Make sure you are prepared for these unexpected events that occur in your daily life.

The biggest decision your small business will have to make is how much disability insurance you need and can afford. You must do a full analysis of you current assets and liabilities. This should give you a better picture in how long you live before your funds run out. Assess your expenses and make the necessary adjustments for a disabled lifestyle. In the event of a disability, some small business's might have enough stashed away for the short period of --but it's more likely your business will need long term disability insurance.

When consulting over your current disability insurance needs remember you can't purchase 100% income coverage. Insurance companies won't cover your full income because they want to provide incentive for you to go back to work. Typical coverage is 50-60% of your gross income. The bulk of disability policies cover anywhere from 40% to 80% of your income depending on how much you're willing to pay. Consider the following factors when shopping for disability insurance for your small business. E-Insurance Online has a variety of programs that fulfill both short and long term disability needs. Please give us a call today so we can show you various alternatives. 800-554-9142.

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