Why Business Owners Should Consider Disability Insurance
By BIS Improved Insurance Agency | Morris Plains, NJ
As a business owner, you wear many hats—leader, planner, problem-solver, and provider. Your business depends on your ability to show up and keep things running smoothly. But what would happen if an illness or injury suddenly prevented you from working?
That’s where Disability Insurance comes in. It’s a smart, often overlooked layer of protection that helps secure your income, your employees’ livelihoods, and your company’s future.
Protect What You've Built
Disability Insurance isn’t just for employees—it’s a crucial safeguard for business owners. If you're unable to work due to an illness or injury, the financial ripple effects can be devastating. A properly structured disability policy helps cover:
Your personal income, so you and your family can maintain your lifestyle
Your business operations, keeping things running while you recover—or preparing for a transition if needed
Your employees’ income, showing that you care about your team even during tough times
A Small Cost for Major Protection
Contrary to what many believe, disability coverage can be affordable—typically costing just 1% to 3% of your income. That’s often less than:
A daily cup of coffee
A monthly smartphone bill
One night out
This small monthly investment could be the difference between long-term stability and financial struggle.
The Bigger Picture: What’s Really at Risk
Let’s talk numbers. A 40-year-old earning $75,000 per year has the potential to earn over $3.5 million by retirement. Without disability coverage, that income stream is unprotected.
And disabilities are more common than most realize. According to industry data:
1 in 4 of today’s 20-year-olds will experience a disability before retirement
Leading causes include musculoskeletal disorders, mental health issues, cancer, injuries, and nervous system conditions
These are not far-fetched scenarios—they’re real possibilities that can impact anyone, anytime.
Is It Time to Protect Yourself?
Your income drives your business and your family’s financial health. If you were suddenly unable to work, how long could your business continue without your involvement? Could your family cover expenses without your income?
Disability Insurance is not just a benefit—it's a business strategy.
Let’s Talk About Your Options
At BIS Improved Insurance Agency, we’re committed to helping business owners in Morris Plains and across Northern New Jersey protect what matters most. We often work with business owners to tailor their Business Insurance policies and Disability Insurance. We’ll work with you to explore disability coverage that aligns with your income, your goals, and your risk level.
📞 Call us at 973-683-1000
🌐 Visit us at www.bisrm.com
We’ll help you plan ahead—so you can focus on running your business, no matter what life brings.
