Disability Insurance by Employment
What is the best disability insurance for freelancers?
Freelancers are typically self-employed and do not have employer disability insurance. An independent agent can compare own-occupation disability insurance for freelancers. Coverage should replace 60-70% of income.
Key Points
- Freelancers: typically self-employed — no employer disability insurance
- Own-occupation disability insurance: recommended
- Coverage: 60-70% of income
- An independent agent can compare own-occupation policies for freelancers
- Business overhead expense insurance: covers business expenses if disabled