Guardian Disability Insurance Brokerage

Disability Insurance for Business Owners

Disability Insurance Quote Gender: View All Male Female Age: View All 25-30 31-35 36-40 41-45 46-50 51-55 Monthly Benefit Amount: View All $0-$1,000 - (Income needed: $ 18,000) $1,000-$2,000 - (Income needed: $ 34,000) $2,000-$3,000 - (Income needed: $ 52,500) $3,000-$4,000 - (Income needed: $ 75,000) $4,000-$5,000 - (Income needed: $100,000) $5,000-$6,000 - (Income needed: $124,500) $6,000-$7,000 - (Income needed: $148,500) $7,000-$8,000 - (Income needed: $171,500) $8,000-$9,000 - (Income needed: $196,500) $9,000-$10,000 - (Income needed: $220,000) $10,000-$11,000 - (Income needed: $243,500) $11,000-$12,000 - (Income needed: $266,500) $12,000-$13,000 - (Income needed: $290,000) $13,000-$14,000 - (Income needed: $312,500) $14,000-$15,000 - (Income needed: $348,000) $15,000-$16,000 - (Income needed: $408,000) $16,000-$17,000 - (Income needed: $475,000) Our agents have 8,955 Business Owner Clients

We understand that every small business is different, so there is no way to offer a cookie cutter solution for every small business owner’s income protection needs.

It is common for us to meet a small business owner who would lose everything they have built if he or she was unable to work for even a small period of time. As a small business owner you need to take the subject of disability insurance very seriously. Everything you have now, and everything you hope to have in the future just may depend on your ability to get to work every day, and to grow and run your business.

Disability Insurance Quotes Call 888-513-2300

The Disability Insurance Quote Shown Above

The instant disability insurance rates available to you on this page show you how much the average premiums other business owners are currently paying for the ProVider Plus individual disability insurance policy. There are multiple different occupation classes incorporated into the average premium for business owners on this page, as no two businesses are the same. Make sure that you obtain a personal disability insurance quote so that you know if your policy would be more or less expensive than the average displayed above.

Only So Many Dollars Available, What Is Necessary?

If you had an unlimited budget, you could easily spend a small fortune on the various insurance products available for small business owners. We recommend starting with the vital disability insurance products, and as a risk increases or the budget allows, you can expand from there.

You need to protect your personal income, and you need to make sure that you will have a business to come back to after any period of long term disability. If you are your business, then an individual disability insurance policy and an Overhead Expense disability insurance⁴ policy are a must.

You and your family need to make sure that there is always an income stream coming in regardless of whether or not you are able to work. An individual disability insurance policy will make sure that happens.

You also need to make sure the bills are paid in the event you are unable to work at the place of business. An Overhead Expense policy will reimburse you for deductible overhead expenses paid during a period of disability. The premiums you pay for this type of insurance are tax-deductible. It helps make sure there is still a viable business to come back to after you recover from a period of disability.

Most Common Optional Riders1 for Business Owner Clients Based Upon the Age, Gender, & Benefit Amount Selected Above 1. Residual Disability Benefit Rider This rider provides a benefit when solely due to sickness or injury‚ you suffer a loss of 15% or more of your income. There is no loss of time or duties requirement. This rider also has a recovery provision whereby‚ if you recover and return to work but still suffer a loss of income of at least 15% of your prior income‚ you will continue to be eligible for this benefit for the full duration of the benefit period. Most agents feel this is a must have rider on every policy. 94.08% 2. Future Increase Option Rider This option allows consumers the ability to obtain additional disability coverage in the future regardless of any adverse changes in their health. Many people believe that their incomes will continue to rise over the years‚ and this rider allows you to buy more disability insurance coverage in the future each year on the policy's anniversary up to and including age 55. The rider also includes special option dates that allow off-anniversary increases for events such as the loss of group long term disability coverage. While medical information is not required when exercising this option‚ applications to exercise this option will be financially underwritten taking into consideration both current income and all other disability insurance in force for the insured has applied or is eligible to receive. 66.43% 3. 3% Compound Cost of Living Adjustment (COLA) Rider2 Cost of Living Adjustment rider will increase your total monthly benefit every month you are on claim up to 3% after you have been disabled for 12 months. 58.64% 4. Catastrophic Disability Benefit Rider This rider provides additional benefits to you should the disability be so severe that is causes you to be unable to perform 2 or more of the Activities of Daily Living including: bathing‚ dressing‚ eating‚ transferring‚ toileting‚ or continence or you suffer a cognitive impairment requiring substantial supervision. 14.87% 5. 4-Year Delayed COLA Rider2 This Cost of Living Adjustment (COLA) rider will help to increase benefits during a claim. The 4-Year Delayed option is less expensive than a normal 3% COLA rider because you are essentially self insuring the first 4 years of COLA increases during a claim. 12.61% 6. Automatic Benefit Enhancement Rider This rider is at no cost‚ and will increase your monthly benefits by 4% every year for six years‚ with no proof of income. While the rider itself is provided at no cost‚ additional premiums are required... for coverage added by the rider. 9.32% 7. Social Insurance Substitute Rider This is a monthly benefit that coordinates with payments received from the Social Security Administration ('SSA') for a disability‚ as well as other similar government programs. If you receive Social Security Disability Insurance‚ the insurance company will reduce the amount of benefits payable under this rider dollar for dollar from $200 to $1‚500 . This rider is often purchased to reduce the total cost of coverage‚ while helping assure an adequate level of disability protection. 4.33% 8. Unemployment Waiver of Premium Rider An inexpensive rider that waives the premiums for your DI policy for up to one year should you be on unemployment and receive unemployment compensation for at least 60 consecutive days. 2.55% 9. 6% Compound Cost of Living Adjustment (COLA) Rider2 Cost of Living Adjustment rider will increase your total monthly benefit every month you are on claim up to 6% after you have been disabled for 12 months. 1.94% 10. Retirement Protection Plus Disability Benefit Rider3 This rider provides an additional benefit when you are totally disabled and not gainfully employed. It is designed to help replace contributions made to defined contribution retirement plans by you and your employer. The RPP monthly indemnity will be paid to the trust for you while you are totally disabled and not gainfully employed. This is not a pension plan or a substitute for one. 1.45%

Disability Insurance Quotes Call 888-513-2300