Disability Cover for small business owners
Small business owners need insurance because they’re responsible for whether or not their business fails or succeeds. In a high-pressure position such as this, being away from work for too long could lead to the mismanagement of your company, which is likely a primary source of income.
If you’re a business owner and found yourself permanently disabled, the likelihood is that you’d want to hire an assistant at the very least to help you stay on top of your everyday tasks. This is why Disability Cover from FRANK is so important for business owners.
Not only will you have the money you need to cover everyday expenses for a while, you’ll also have the power to ensure that your business doesn’t suffer as a result of your disability. After all, this Disability Cover provides you with a lump sum payout.
Contact FRANK on 0860 722 227 to take out disability insurance.
How you’ll benefit from disability insurance
As a business owner, your priorities would be different to those who don’t work for themselves. Below are just some of the ways you can use your Disability Cover payout:
1. Hire stand-in employees - If you become disabled, you’ll need to take some time off work, at least initially. Your payout can help you learn how to chase the kids around in your new wheelchair or practice using your state-of-the art prosthetic arm. But, while you’re doing this, you’ll need someone to help you at work. Your employees may have an idea of what you aim to achieve, but it’s best to hire someone in a very senior position to stand in for you while you come to terms with your new situation.
2. Handle payments on the home front - Becoming disabled means a number of new expenses. A lump sum payout can help you stay on top of bills for your home while you’re paying for new equipment or facilities to maintain your quality of life. This will likely be a welcome relief when things are chaotic and you’re still getting used to your new situation. After all, you don’t want the lights to go off due to lack of payment when you’re still getting used to your disability.
3. Ensure your hard work hasn’t been in vain - Building a business takes time and dedication, especially if it’s from scratch. In fact, many companies don’t make it past the first five years; so if you’ve succeeded, you’d hardly want to give up everything you’ve worked for because you didn’t prepare for the unexpected. With the right insurance, you can ensure that everything is financially secure.
Insurance can give you peace of mind when it comes to your business, as well as the wellbeing of your family.
Call FRANK on 0860 722 227 to get Disability Cover today.