By Daniel C. Steenerson, CLU, ChFC, RHU, president, Disability Insurance Services
Most business owners today feel the pinch of a lagging economy, customers not paying on time and the ever-rising cost of health care. Without income protection, it can be financially devastating when a business owner or a key employee is unable to work for a year.
Yet surveys show that most business owners aren't even aware that they can buy insurance to cover these exposures with products like business overhead expense policies, individual disability insurance (IDI), key person disability insurance, and disability overhead expense plans.
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