Is your business protected?

Whether it be establishing a new practice or expanding an existing practice; building a business can come with many new opportunities and obligations. While this is an exciting new chapter, oftentimes entrepreneurs need to look to financial institutions for business loans to help make their vision come to fruition.

While business loans will help establish and grow a practice, they are also a binding contract with an obligation of repayment. This is why it is important to protect your practice with Business Loan Disability Insurance.

What is the Risk?

As an entrepreneur, a business loan is one of the largest expenses you may face. Should you be unable to work, it could become difficult for you to make the required loan payments, potentially jeopardizing what you have worked so hard to build.

While only 3% of foreclosures are caused by the death of the owner, 48% of foreclosures are due to a disability of some kind. In fact, 50% of all adults between the ages of 35 and 65 will experience a disability that will last at least three months or more. How would this impact your business if it were to happen to you?

What is Business Loan Disability Insurance?

Business Loan Disability Insurance is a form of protection planning that professionals use when establishing or expanding their practice. Should you become temporarily or permanently incapacitated due to an accident or illness, your Business Loan DI will cover all of your outstanding loan payment obligations, allowing you to focus on your recovery without jeopardizing the health of your business.

Disability insurance is affordable, easy to acquire, and provides the necessary protection you need when establishing and growing your business.