If you or one of your key employees suddenly became too sick or hurt to work, how would the business bills be paid? Your employees’ salaries? What about your personal expenses – like housing or retirement savings?
As a business owner, your income is critical to support both your family and your business—and the same goes for your employees. Yet many business owners and their employees find themselves relying on savings and retirement assets to make ends meet when the unexpected happens.
Income protection (with disability insurance) helps business owners and employees replace part of their income when illness or injury keeps them from working. It can be offered as standalone coverage, or as a supplement to group disability coverage. Plus, when offered at the worksite, discounts on coverage may be available.
Talk to your advisor to learn more about the protection that’s right for your business.