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Long-Term Disability

Many large companies and some smaller ones cover long-and short-term disability. This coverage allows you to stay out of work in case of a long illness or an accident, or for maternity leave coverage. It tends to be one of those coverages that you may overlook if you start your own home-based company.

This type of insurance is, again, not likely to be cheap. You may also, literally, not be able to obtain it if you have a pre-existing condition. Erica has a serious health problem and has been told by numerous agents in no uncertain terms that despite her company's healthy yearly bank account, no one will ever give her long-term disability coverage in case she has to be out sick or hospitalized for any length of time. Had she had the foresight to buy this coverage prior to her diagnosis, this would not be the case.


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