There are plenty of good reasons to have individual disability insurance to replace your income should you become sick or injured.

But if you own a business, it’s not just about you. As a business owner, you’re probably the primary driving force of your business, as well as the bankroll. When you’re planning for your business, one contingency you need to include is what would happen if you get sidelined.

Here’s the sobering statistic from the Council for Disability Awareness (CDA), an insurance industry group: One in four people entering the workforce will be disabled before retirement and can expect to be off the job for an average of 34.6 months. That’s almost three years. It’s not because they spend weekends racing motorcycles or commute long distances. Heart disease, back problems, cancer and other medical problems are more likely to cause disability than accidents.

We consider several key steps  with our team of expert advisors:

1. Disability income for you and disability insurance for your business are two different issues. You need to provide coverage for both your family and your business.

For the home front: income coverage. We will help you to figure what you’ll need to cover the mortgage, cable bill, car payments, tuition and food, among other expenses.

For the business: overhead coverage. We will analyze things such as:  payroll, rent, utilities and any equipment or vehicle leases you carry. Employee benefits and advertising are two other costs.

Our team of experts help bring you peace of mind with experience advice.