Disability Insurance For The Small Business Owner
Even with employees, a small business owner can be seen as a one-man business. No matter how much you pay someone to help you manage, market, or manufacture goods for your small business, no one invests in their success and income like you do.
If you are sick, injured, or disabled for medical reasons, you may no longer be able to contribute to the success of your business. You can also look for the best disability insurance via https://topwholelife.com/disability-insurance-basics/.
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You may also find yourself unable to motivate and monitor employees, and you may find yourself unable to devote the time to your business that it needs. For this reason, all small business owners should invest in short-term and long-term disability insurance.
Quoting Social Security
Many people take it for granted that they will receive Social Security benefits when they can no longer work and earn a salary for their small business, but this is usually not the case.
Disability insurance benefits
One of the main benefits of disability insurance as a small business owner is that you can purchase a policy with a looser definition of disability than the SSA allows.
You can also set your limits when taking out disability insurance. You may not be able to get full replacement income from the insurance company, but you may be able to reimburse up to 80 percent of your income.
If you are a small business owner and ready to explore your long-term and short-term disability options, contact us. Together we develop disability insurance with limits, benefits, and waiting periods to suit your budget and ideas.