Canada boasts over 630,000 businesses with one to four employees and 2.9 million self-employed workers.
Many of them have no disability coverage, which could jeopardize the sustainability of their business or financial situation should they be unable to work indefinitely due to a disability.
We have therefore produced a guide to help you in your dealings with business owners and self-employed workers, so you can seize the many sales opportunities stemming from this huge market potential that awaits your advice.
Wide-ranging needs and tailored coverage
Business owners and self-employed workers deprived of income due to a disability would face several challenges:
- Cash management to ensure business continuity
- A decrease in company revenues and profits
- Tighter credit conditions with suppliers and creditors
- Compromised ability to fulfill financial obligations
We offer a comprehensive range of income replacement solutions for business owners and self-employed workers:
- Personal Income Replacement Insurance
- Business Overhead Expense Insurance
- Personal and/or Corporate Loan Insurance
By combining the potential of these tailored coverage options, business owners and self-employed workers can receive up to $21,000 per month in disability benefits, depending on their job category, to keep their business running.
Check out our new document Disability Insurance for Business Owners and the Self-Employed. You will learn more about how to determine the coverage amount based on income and occupational class, and how to calculate eligible and non-eligible overhead expenses based on product costs. You will also find a case study showcasing the approach of maximizing coverage through the Superior Program and Universal Loan Insurance. Be sure to also check out our latest newsletter Shared ownership of critical illness insurance: a sound business strategy!
Feel free to reach out to this clientele. You’ll do both them and yourself a favour.
Happy selling!
