Small business owners may opt out of Workmans Comp and get better protection with DI

Many business owners may be able to opt out of Workmans comp coverage on themselves, and get cheaper and better protection with a Disability Insurance policy, that will cover them for any on or off the job injury or illness.

Workers’ compensation only protects you for on the job injuries, and not for illnesses or injuries that occurred off the job.  According to the Council for Disability Awareness, only 5% of disability claims are job-related.


If you are a business owner, you can take advantage of some of these features for Individual Disability insurance (DI):

– Business owners can possible get an Occupation Class upgrade, for cheaper premiums and/or better benefits.

– Depreciation can be added to net income, to increase maximum benefit you qualify for.

– Farmers: can get a higher monthly benefit if you own large herd size/acres farmed.


Give me a call to set up your Disability Insurance plan, and replace your workman’s compensation.

Author: LifeGuy

Daniel LifeGuy Dragan has 126 posts in this blog.

Daniel is a dedicated insurance expert with a focus on helping individuals, families and small businesses avoid financial disasters with Life Insurance products, Paycheck Protection (Disability Insurance), Retirement planning, Cancer and Critical Illness Insurance, executive and business protection plans. With his comprehensive knowledge and experience in financial protection, Daniel can help save money as well as get all your insurance premiums returned to you if you didn't use any of the benefits. "Return of Premium" insurance is one of Daniel's strengths and along with his personal approach to his customers' needs, one of the main reasons his clients are referring him to friends, family and business partners. Daniel offers free financial consultations and can be reached by email at or phone: (239) LIFE-GUY or 239-466-4466

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