Disability

While a disability can often be visible to the naked eye, not all disabilities are so easily recognized. Whether it’s chronic pain or a mental health issue, a disability can come in various forms.

Being sick costs money, especially when you have a business to run. Disability insurance can help you mitigate this risk and can also help you recruit and retain top-level talent.

Protect your business

Your business has to meet its financial obligations whether you’re healthy or not. Business overhead protection can help you pay for expenses like rent, utilities and salaries, so your business can continue to operate even without you there.

Keep your business running

If your business has multiple owners and one of them becomes disabled, it can be difficult to keep your business running smoothly. Disability insurance can provide funds to help facilitate purchasing the disabled partner’s shares for a buy-sell agreement. A well-drafted buy-sell agreement can reduce conflict between owners and heirs, helping the business get back to normal.

Attract talent

Every business has its top performers – for a business owner like you, they may be your most valuable asset. In today’s competitive marketplace, a large paycheque might not be enough to recruit and keep top talent. If you already offer group disability insurance, providing individual disability insurance can provide your employees and their families with better coverage – giving them another reason to work for you.