Disability Insurance provides income protection to small business owners when they are not able to work due to disability. Disability can keep you away from long period of time which can drastically affect your income and financial condition. Small business owners don’t have a regular income and if ups and down happens in the market they are most affected out of it as a result. This was also seen during COVID period.
Due to fluctuating income you also might not have savings kept for emergency times which keeps you in a serious trouble zone if you get Disability then managing expenses would become very tough task for you. So why not buy Small Business Disability Insurance which will not only act like a savings but also provides a regular income as a substitute to the business income.
If you have any pre-existing medical condition or you regularly move in and out of disability than also you can buy policy. And if you are young in age and have just started your business than don’t think twice buy the policy as soon as possible because age is in your favour and you will get Insurance in cheaper rates with high rates of coverage in return.
In Small Business Disability Insurance either you can go for buying best short term disability insurance or long term disability insurance. But we would particularly recommend for you to go for long term insurance policy as it will protect your income for long period of time. For small business owners we are providing the insurance at affordable price so, it won’t be expensive buying policy for yourself.
If you are the sole bread winner of your family than you should make a quick decision to buy this policy because your whole family is dependent on your income and if anything happens to you tomorrow than meeting your financial obligations will become next to impossible for you.
But if you have this Business Disability Insurance policy than you can utilise the coverage amount for paying your monthly bills for rent, electricity, gas, groceries and medical bills etc. Boundlessly you can utilise this money where ever you want to spend as this policy is not like health insurance where only medical related expenses are covered.
Benefit period lasts according to the policy that you have opted for. Investing on buying disability insurances have increased because the diseases and different illnesses are affecting individuals across all the age groups which makes everyone vulnerable. Estates also state that 1 out of 4 working individuals will get disability in their working age itself so why not to get prepared for the worst by getting yourself enrolled in Small Business Disability Insurance by INSTANT DISABILITY.
Claiming of the Insurance is also very easy as the terms and conditions are written in a lucid way and whole process is easy. Elimination period is also small so that the policy holder doesn’t have to wait for long to get coverage amount.