Disability Insurance for the self-employed is vital to protect yourself and future earnings. Individuals who are self-employed rely on themselves and their business to make money. Protecting yourself and family with this type of insurance will protect your future earnings and save you from debt in the future.
Being self-employed and having your own business is one of your greatest assets. You depend on yourself to efficiently run your business and earn an income. Disability Insurance protects this asset.
Disability Insurance will be able to replace about 60% of your income if you are ever unable to work due to an injury, illness, or disability.
Having this coverage in place will allow you and your family to continue paying for your mortgage, utility bills, childcare, groceries, etc. while you can’t work.