Hi, being a small time contractor, i really can't pitch for disability insurance. So i practice safety much more in light of this, which is really kind of backwards, but i get by. So i am wondering if i'm the only fool in the world that thinks this way...
I am assuming you mean insurance in addition to workers comp. From what I understand, unless you are a sole proprietor, with no employees, you are required to pay for comp. for each employee. Liability insurance is also something that you can't operate without.
I have life insurance and lots of it - enough to pay off everything I owe and put all my children through college.
I have a good disability policy, but it doesn't kick in until after 6 months. That six month wait keeps the premium "low" - about $1000 per year. But it includes occupational rehabilitation and pays until I can perform the same work that I was doing before the injury.
U.S.A. workers should be receiving a statement from the Social Security Adminsitration about a month before their birthday each year which mentions how much they would pay if you became disabled. It's not a lot.
Redsy; yes i mean in addition to the liability ins. I am a type S corp, which means small, i'm so small they don't even see me standing at the parts counter. The weird thing is, the state requires i pay comp., but i can't take advantage of it...wierd huh!