152 Mineola Blvd.

Mineola NY, 11501

Phone

1-800-649-9094

152 Mineola Blvd.

Mineola NY, 11501
Contractors Insurance

Disablity Insurance

For self-employed contractors, it’s important to secure a disability insurance policy so that your income and lifestyle are protected in case you’re injured on the job. Due to the risky nature of the contracting industry, there are a number of ways you can either become sick or injured while you’re working that could require you to take time off, or become permanently out-of-work. There are different types of disability insurance available to contractors.

Income Protection Insurance

If you are unable to work due to an accident or illness, income protection insurance serves to replace your regular income while you’re out of work. If you don’t have income protection insurance, you may potentially lose your home, car, or other assets. Your amount of necessary coverage depends on how much money you make, and how much you would need to sustain your lifestyle if you were to become injured, ill, or otherwise unable to work.
 

There are many factors that affect disability insurance rates. Some of which include:

  • However long a period you select to defer your payment after the date that you are injured
  • The amount of income replacement you require
  • The length of time that you will need replacement income (ex: 1 year, 2 years, etc.)

 

In order to successfully claim disability in the event of work-related injury or illness, you’ll need to prove that you’ve lost wages and also satisfy a number of specific conditions, including your inability to perform certain basic tasks, such as bathing or brushing your teeth.
 
Generally speaking, income protection disability insurance payments are made monthly, so it’s important to budget yourself accordingly, as you may be used to receiving more frequent payments when you were working.

Please fill out the form to get your free quote started. Once we have processed your information one of our representatives will contact you regarding your policy options or if further information is required.