We offer a host of disability insurance coverage options here at Freedom Insurance. Each of the choices we provide is unique and nuanced, so we wanted to take the time to distinguish each of them in hopes that it helps you navigate your current situation.
Individual Disability Insurance
You may be eligible for group disability insurance through your employer. However, if your employer offers insufficient coverage, you can turn toward individual disability insurance to get an adequately tailored solution. Many unique disability insurance options are available based on different occupations, locations, benefits and specific disabilities. As such, it’s imperative to choose an insurance provider that goes out of their way to ensure all your needs are met at a price that fits your budget.
Key Person Disability Insurance
Suppose a key person at your business is injured or becomes unavailable to a disability. In that case, Key Person Disability Insurance is designed to keep your business afloat in the time that follows. The added cash flow will help you move forward and even hire a temporary replacement if needed. Suppose the injury ends up having long term implications. In that case, Key Person Disability Insurance can also help minimize a loss in revenue during the onboarding process and cover any unfunded salary continuation costs. Naturally, Key Person Disability Insurance is a must in industries that frequently pose legitimate injury threats.
High Limit Disability Insurance
High Limit Disability Insurance is an excellent option for those dissatisfied with coverage options from the traditional market. While conventional policies have coverage caps usually up to $25,000, High Limit Disability Insurance is designed to keep disability benefits at around 65% of total annual income. Policies like these are optional and would most likely be suitable for someone with a high income.
Workers’ Compensation
Workers’ compensation offers monetary assistance to those who are temporally unable to work due to a workplace injury. In addition to income security, workers’ compensation policies also include compensation for economic loss, reimbursement for medical expenses and pain and suffering. Workers’ compensation is the perfect solution for on-the-job accidents. Unlike disability insurance, however, worker’s compensation coverage does not apply for injuries that take place outside of the job.
Choose Disability Insurance Coverage that Works for You at Freedom Insurance
We offer comprehensive, customized coverage from numerous major insurance carriers and make it easier than ever to find affordable policies that are precisely what you need. We have been serving clients throughout the greater Howard County and Carroll County areas since 1979, and we look forward to helping you and your family thrive. Get in touch today by calling (410) 795-2000 or requesting a free quote.
