Community FAQ · Financial Planning
What is disability insurance and why is it important for entrepreneurs?
Disability insurance provides income protection if illness or injury prevents you from working temporarily or permanently. For entrepreneurs, your earning power is likely your greatest financial asset. Many entrepreneurs focus on insuring their equipment, office, and inventory before protecting their own ability to work. For business owners with variable income, disability insurance protection can prevent financial stress from escalating quickly and ensure that you can maintain your personal finances and lifestyle during a recovery period.
Answered by Shannon Neely, Shannon Neely Financial. Based on The Serial Entrepreneur's Paradox.