Long-Term Disability Insurance for Business Owners


What would happen if you were unable to work?

Small business owners, sole proprietorships and 1099 independent contractors face a unique set of financial challenges. Of course, they have to have a certain personality – a level of risk tolerance, if you will – to be an independent contractor or an entrepreneur. They like living life on the edge. Taking chances is how they grew their businesses, in many cases. But they’re only willing to push it so far.

They can’t risk jeopardizing their income – and their entire business – if they should become unable to work due to injury or catastrophic illness. Disability insurance, sometimes called income replacement insurance or simply, disability income, offers business owners peace-of-mind that they will have the money to continue living, paying their mortgage, and providing for their family, even if they get ill or injured.


What Is Disability Insurance?

The same way group long-term disability insurance helps corporate employees after their TDB, TDI or DBL disability insurance runs out, disability insurance for individuals provides 1099 contractors and small business owners with income replacement if they can’t work due to illness or injury.

With the rising costs of healthcare, especially for small business owners, an illness can present unbearable financial hardship. Combine the costs of medical bills with a loss of income, and it can lead a business owner straight into debt or even bankruptcy. The stress of these unpaid bills – and an inability to care for their families –makes it harder to fight a disease or manage pain after an injury. It’s a vicious cycle that only the peace-of-mind provided by individual disability insurance can resolve.

What to Look for In Disability Income Insurance

Choosing the right disability income insurance protection isn’t easy. If you ever have to file a claim, you want to know your broker will serve you with understanding and attentive care during this stressful time. You also want the peace-of-mind of knowing that your insurance will provide the money you need for as long as you are disabled. Therefore, you want a policy with the following features:

– Your rates won’t go up and your policy won’t be canceled as long as you pay your premiums on time.
– You’ll receive a cost-of-living increase if you are disabled longer than 12 months, and will continue  to receive those increases annually for as long as you are disabled.

– You have the option to increase your coverage as your income increases, so you and your family can maintain your current standard of living or cover added medical costs if you are disabled.

Let The DBL Center Help

For decades, The DBL Center has helped thousands of brokers across the United States provide disability income and other ancillary coverage to their customers. We offer disability income replacement insurance direct-to-the-customer, as well as through our extensive broker network. We manage, maintain, and service all policies, offering peace-of-mind, convenience, and competitive rates.

Whether you are a business owner or an insurance broker, you are guaranteed the same white-glove service our customers have come to expect for 40 years.

Don’t take chances. Ask us about disability income replacement protection today.