Cavey and Barrett Blog

Dental disability insurance is essential.

If you become disabled and are unable to work, dental disability insurance is essential to help you maintain your current practice. According to a recent survey, nearly half of one million people who filed for bankruptcy in the United States did so because of an illness or an injury. If you're involved in a car accident, suffered a sports injury, or have any other painful condition, you may be unable to continue your practice and be forced to close or even sell your practice.

It's essential that you find a disability plan that meets your occupational needs. Determining which policy is right for you is crucial. There are two types of disability policies. The first is a group policy that can be purchased from your employer or with pre-tax dollars. Remember, group plans have limited coverage, can be taxed, and any benefits you receive from Social Security, Workers' Compensation or income from other sources can be used to reduce your group disability coverage.

This is not true of the second type of disability policy, an individual policy which can be customizable. 

Additionally, you should consider having an overhead disability expense policy that will pay your employees and even the rent when you are recovering from your disability. Without having overhead expense coverage, a temporary disability like a tennis injury to your shoulder could force you to lay off your staff and shut your practice.

Getting the correct dental disability coverage is essential, and you should contact your local disability agent to find reliable and multifaceted disability insurance that meets your particular needs.

Answering these broad-based questions isn't easy. Help is a phone call away. You can contact Nancy Cavey, an experienced long-term disability attorney at 727-894-3188.