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Disability Insurance for Independent Contractors

Disability Insurance for Independent ContractorsIndependent contracting has become incredibly popular in recent years. While it isn’t exactly a new idea, when you combine power of high speed internet, software as a service being used for most software applications and the high costs associated with having an employee, independent contracting more viable than ever before for several employers. Have you explored your options in regards to Disability Insurance for Independent Contractors yet?  You cannot get disability insurance after you have a major illness or accident.  Get started today!

People from all over the globe can easily work together online, meaning it’s possible to pull together independent contractors in various fields – even if those contractors are all located on different continents.

If you are one of the many millions of people who work as an independent contractor, you already know there is a lot to like about this arrangement. You enjoy far more freedom working this way than you could ever find as a traditional employee, and you may even make more money as well. With that said, there are some drawbacks. Specifically, you are out there on your own in the world, meaning you don’t have the protections that sometimes come with employment. As such, you should strongly consider disability insurance for independent contractors as a way to help secure your financial future.

Be smart and let one of our licensed and highly trained disability insurance coaches do the work for you, there is never a charge to work with us!  Start here now.

Think about it for a moment –  where is your next paycheck going to come from, if you are hurt and unable to work? Quite simply, it isn’t going to come. Suddenly, you will be without a steady source of income, and you’ll have to find a way to pay your bills until you can be back to work. But how long will that be? Will you be able to recover in time to avoid doing serious damage to your credit? Those are questions you won’t have to worry about when you are protected by disability insurance for independent contractors.

An Appealing Situation

It doesn’t take long to understand why so many people are now self-employed in some capacity. For generations, employees have hated the feeling of being tied to a traditional job, required to spend a certain number of hours each week in the office. By stepping out on your own as an independent contractor, you break free from what it is that so many people hate about going to work each day. You still have to work hard, of course, but you are your own boss.

Speaking of being the boss, that is a luxury that comes along with some pretty serious responsibilities. Since you answer to no one, there is no one else to make decisions or plan the future of the company. This is all up to you, as everything falls on your shoulders as an independent contractor. To succeed, you need to take hold of this responsibility and make the most of it by researching and learning about the best Disability Insurance for Independent Contractors.

This is where the conversation returns to the topic of disability insurance for independent contractors. As part of the planning of your business, you should be thinking about a variety of contingencies. One particularly challenging situation would be an illness or injury which keeps you away from work for a period of time. Hopefully, such a situation will never arise. If it does, however, you’ll be in a much better position if you are protected by an appropriate disability insurance policy.

It’s Actually Quite Simple

Even if you don’t know much about insurance, you can certainly understand the problem that you would be facing if you suddenly were unable to work for an extended amount of time.

It all boils down to this…

You only have three options to choose from when the unexpected accident or illness happens, and your payroll deposit stops:

  1. You can deplete your savings and retirement accounts
  2. You have a wealthy family member that will pay bills for you
  3. You planned ahead and have a disability insurance policy in place that delivers monthly, tax-free cash to your bank account, until you are ready to go back to work

So, do you have a wealthy family member waiting in the wings, ready to pay your bills? Probably not. And even if you do, that likely isn’t the kind of plan you want to back on for the long run. And, even if you do have plenty of money in your savings account at the moment, you don’t want to have to use that money just to cover your bills during time away from work. Rather, you should be able to use those savings on a large purchase like a house or a car down the line. Or, even better, you will be able to just sit on those savings for years, keeping them in reserve for use later on.  That is why having Disability Insurance for Independent Contractors is so important and is why all smart financial planners will tell you to do so.

That leaves us with option three as the only logical way to proceed. When you take out a disability insurance policy for yourself as an independent contractor, you will immediately benefit from the peace of mind and security that this policy provides. Sure, you will have to spend a small amount of money each month on the premium, but that money can simply be seen as an investment in your business. You make a few sacrifices to be an independent contractor, and one of them is losing the protection that sometimes comes with traditional employment. Once your disability insurance for independent contractors policy is in place, you’ll be able to check this concern off your list while going about your business each day.

A Sunny Outlook

One of the best reasons to protect your future as an independent contractor is the fact that this is a type of work which seems poised to grow in the years ahead. According to Broadleaf, “83% of executives report increasing contingent worker populations within their organizations.” This is great news for those working in freelance and independent contracting capacities. Of course, you can only take advantage of the growing demand for these types of workers if you are actually healthy and able to work. If you are taken away from your work for a period of time, a disability insurance policy for an independent contractor can keep your financial life on track.

Moving Forward

For an independent contractor, there is no time like the present to find the right disability insurance policy. Since you can never know when this policy will be called into action, it’s best not to wait. Fortunately, you don’t have to worry about finding your policy alone. We know that insurance can be complicated and a little intimidating, which is why Disability Insurance Coach exists in the first place. We want to make this process as easy as possible, and we want you to come away with precisely the right Disability Insurance for Independent Contractors to meet your needs.

If you work as an independent contractor, you likely have no interest in going back to traditional employment anytime soon. To give yourself an important measure of protection moving forward, we hope you will consider disability insurance for independent contractors. An appropriate policy will be able to cover your expenses while you are away from work, and it should come along with a reasonable monthly premium. It’s an exciting challenge to handle everything that falls on your shoulders as an independent contractor, and you surely take great pride in your work. To make sure your mind is free to focus on your work rather than other concerns, protect yourself with disability insurance as part of your overall business plan.  Work with a licensed coach today by clicking here now!

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