Who should have disability insurance? The fact of the matter is that an accident or illness can strike at any time and every individual should be prepared for the unforeseen. If you are self-employed or work for a company that doesn’t provide any such benefits, disability insurance is of vital importance.
Many credible insurance companies offer a liability insurance policy as part of their range of products and services. The cost of such a policy would be dependent on a number of factors: The more your insurance package should pay out in case of disability, the higher your associated premiums. The same applies for the type of cover associated with the policy. Some policies will pay for benefits in a wide range of circumstances, while other policies will be more specific as to the terms and conditions of such benefits. The broader the range of circumstances cover, the higher the monthly premium.