Can Self-Employed Individuals Get Disability Insurance?

Self-employment offers freedom and flexibility, but it also comes with challenges. One primary concern is financial security in case of an unexpected illness or injury. Unlike traditional employees, self-employed individuals do not receive disability benefits from an employer. This raises an important question—can they still get coverage to protect their income?

The answer is yes. Disability insurance is available for self-employed professionals, providing financial protection if they cannot work due to a medical condition.

How Disability Insurance Works for Self-Employed Individuals

Disability insurance policy replaces lost income when someone cannot work due to an illness or injury. This coverage helps freelancers, business owners, and independent contractors pay for essential expenses such as rent, utilities, and medical bills while they recover.

Self-employed individuals can choose between two main types of disability insurance:

• Short-term disability insurance covers lost income for a few months, helping with temporary setbacks.
• Long-term disability insurance provides financial support for extended periods, sometimes lasting years.

Understanding the differences between these options makes it easier to choose the proper coverage.

Qualifying for Disability Insurance as a Self-Employed Worker

Insurance companies determine eligibility based on several factors. When applying for disability insurance, self-employed professionals should be prepared to provide:

• Proof of income – Insurers review past earnings to determine the benefit amount. Tax returns from previous years are often required.
• Industry and job risks – Physically demanding jobs may have different coverage options than office-based work.
• Health history – A medical evaluation may be necessary. Pre-existing conditions can impact coverage or premium costs.

Having organized financial records and applying before any health concerns arise can improve the chances of approval.

Also Read: Choosing Disability Insurance? Avoid These 5 Common Traps

Benefits of Disability Insurance for Self-Employed Professionals

Losing the ability to work, even temporarily, can create financial stress. Disability insurance helps independent workers stay financially stable by covering:

• Lost income – Policies replace a portion of earnings, ensuring bills can still be paid.
• Business expenses – Some policies cover office rent, employee wages, and other business costs.
• Long-term financial security – Protection prevents individuals from relying on savings or taking on debt during recovery.

Without disability insurance, self-employed individuals may face significant financial hardship if they cannot work.

Finding the Right Disability Insurance Policy with Kneller Insurance Agency

Choosing the right disability insurance depends on work type, income level, and individual needs. Consulting an experienced provider ensures the best coverage for long-term protection.

At Kneller Insurance Agency, our team specializes in disability insurance solutions for self-employed professionals. Contact us today at 518-392-9311 to explore your options and secure coverage that fits your needs.