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WHAT KIND OF BUSINESS IS AVAILABLE IN THE EVENT OF DISABILITY?
What Kind Of Business Protection Is Available In The Event Of Disability?
Income replacement insurance is particularly important if you own a small business. In addition to standard disability policies, some polices have such special features as:
- Recovery benefits that pay after you return to work full time, during the period in which you are reestablishing a customer or client base.
- Overhead expense coverage that pays for certain office expenses, over and above the disability benefits that replace personal income.
- For jointly owned businesses, a disability buy-out policy disburses funds for one partner, or the business entity, to buy a disabled partner's share of the business.
- Key-person insurance, which protects a firm against the loss of income resulting from the disability of a key employee.
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