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.
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.
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.
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.
COVID-19 Important Update:
Palladium is serious about the health and safety of its employees, and clients. Accordingly, we have been instructed to limit non-essential, in-person meetings. While our offices remain open, we ask that you please make an appointment before arriving. Many of our employees have chosen to work remotely, and by making an appointment you ensure that your broker will be available (and present) to meet with you. Please note that all public health guidelines must be followed including without limitation, the wearing of face masks, social distancing, and completion of our COVID screening questionnaire.