You’ve worked too hard and invested too much to leave the future of your business to chance.
Cover fixed-term financial obligations or business loans
You can’t know when a
disability could strike, but you can prepare for the possibility.
Speak to your financial representative about a holistic personal income and business protection strategy.
Other expenses
1
1 in 4
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?
Cover fixed-term financial
obligations or business loans
Provide income protection
for your employees
Safeguard yourself and your family. Disability income insurance protects you by providing income replacement that can help meet daily living expenses such as:
Protect your personal income
3
Utilities
The risks will
become disabled
during their
working years
Think about your investment in your business. It’s not simply a business, it’s your life’s work.
Provide income protection
for your employees
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:
illness
Business equipment
Groceries
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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.
The risks are real
Business
start-up loans
Employment contract guarantees
Keeping Your Business Strong
Student Loans
Average duration of
a long-term disability
Disability protection can help provide the right coverage that meets your unique needs and priorities.
Most disabilities are caused
by illnesses,
not injury
Protect your personal income
Fund the purchase of a disabled owner’s interest in the business
90%
2
Employee payroll
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.
Cover the everyday expenses to keep your business running
1 U.S. Social Security Administration Fact Sheet, December 2018.
2 Council for Disability Awareness 2014 Claims Review.
3 2011 Gen Re U.S. Individual DI Risk Management Survey.
Guardian® is a registered trademark of The Guardian Life Insurance Company of America. © Copyright 2020 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.
Pub10514BL (03/20)
2020-92649 (Exp. 03/22)
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Equipment
purchase or lease agreements
Capital
improvement
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:
10%
Fund the purchase of a disabled owner’s interest in the business
Housing
Business location
injury
Cover the everyday expenses
to keep your business running
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