Sometimes considered the companion policy in a key employee package, key employee disability income insurance is often included along with life insurance. The probability of a key employee becoming partially or totally disabled is actually greater than the probability of death during employment. The key employee disability insurance will pay the firm anywhere from 40 to 70 percent of the disabled employee’s income. Should the key employee be a sole proprietor or partner the business could use business overhead disability insurance to provide the same kind of protection.
Contact Hubbard Insurance for answers to your questions about life insurance and disability insurance. We are your source for life, disability, home, auto, and business insurance in Rocky River and all of Ohio.
Source: Inside Insurance