Think about your investment in your business. It’s not simply a business, it’s your life’s work.
For many business owners, the business provides the majority of your income. It’s what makes your lifestyle possible. But what would happen to your business if you became too sick or injured to work?
The risks are real
1 in 4
will become
disabled during
their working
years
1
Almost 90%
of disabilities
are caused
by illnesses,
not injury
2
injury
illness
Average duration of
a long-term disability
3
You can’t know when a
disability could strike, but you can prepare for the possibility.
Disability protection can help provide the right coverage that meets your unique needs and priorities.
Protect your personal income
Cover the everyday expenses to keep your business running
Cover fixed-term financial obligations or business loans
Fund the purchase of a disabled owner’s interest in the business
Provide income protection
for your employees
You’ve worked too hard and invested too much to leave the future of your business to chance.
1 U.S. Social Security Administration Fact Sheet, June 2020.
2 Integrated Benefits Institute, 2018 Health and Productivity Benchmarking, Long-Term Disability
3 Council for Disability Awareness, The Average Duration of Long-Term Disability is 31.2 Months (Jan. 2016), https://blog.disabilitycanhappen.org/the-average-duration-of-long-term-disability-is-31-2-months
Guardian® is a registered trademark of The Guardian Life Insurance Company of America. © Copyright 2022 The Guardian Life Insurance Company of America.
Individual disability income products underwritten and issued by Berkshire Life Insurance Company of America (BLICOA), Pittsfield, MA or provided by Guardian. BLICOA is a wholly owned stock subsidiary of and administrator for The Guardian Life Insurance Company of America (Guardian), New York, NY. Product provisions and availability may vary by state.
Pub10154BL (03/22) 2022-133265 (Exp. 03/24)
Keeping Your Business Strong
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Protect your personal income
Safeguard yourself and your family. Disability income insurance protects you by providing income replacement that can help meet daily living expenses such as:
Housing
Groceries
Student Loans
Utilities
Cover the everyday expenses
to keep your business running
Overhead expense disability insurance protects your business’ ability to meet everyday expenses when a
business owner is too sick or injured to work. It provides reimbursement for up to 100% of covered expenses
such as:
Business location
Business equipment
Employee payroll
Other expenses
Cover fixed-term financial
obligations or business loans
Protects your business’ ability to pay business loans and other contractual obligations. This optional rider funds up to 100% of any financial obligation (direct to lender) that requires regular payments over a fixed term. Such obligations include:
Business
start-up loans
Capital
improvement
loans
Employment contract guarantees
Equipment
purchase or lease agreements
Fund the purchase of a disabled owner’s interest in the business
Few business owners have a plan in place to protect their business in the event of a co-owner’s disability. Disability buy-out insurance funds the purchase of a disabled owner’s portion of the business. It ensures that funds are available so that the business can avoid depleting savings or investment accounts, drawing on future earnings, or affecting credit sources in order to buy out the disabled co-owner.
Provide income protection
for your employees
Employee benefits are critical to attracting and retaining the talent essential for success. Whether you choose to offer disability benefits funded by the business, by employees, or some combination, make sure your employees’ income is protected.
Speak to your financial representative about a holistic personal income and business protection strategy.
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Almost 90%
of disabilities
are caused
by illnesses,
not injury
2