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  • Robert Routt

Tips for Florida Self-Employed People On How To Protect Themselves Against Long-Term Disabilities


Florida residents can suffer long-term disabilities at any age. Irrespective of your age, profession, or previous health, you may find yourself facing a condition that affects your ability to work and sustain yourself financially. The long-term disability insurance provided by employers can be a lifeline in this situation, but what happens to self-employed people? Let us offer some practical suggestions.


What You Need to Know About Long-Term Disability Insurance

When injured or ill for more than one year, long-term disability insurance compensates for lost wages. According to the terms of your policy, it can supplement up to a third of your prior earnings. Employer-sponsored LTD policies are common, but if you are self-employed, consider purchasing a policy from a private insurer.

According to an article by Small Biz Trends from March 2022, there are a number of top companies offering LTD insurance to independent contractors. Determine whether long-term disability coverage is right for you by considering the following:

  • In the United States, there are 61 million people with disabilities, according to the Centers for Disease Control and Prevention (CDC).

  • About one out of every four 20-year-olds will become disabled before they retire, according to the Social Security Administration (SSA).

  • Having chronic illnesses like diabetes, heart disease, or respiratory problems increases your chances of becoming disabled.

  • You are more likely to become disabled if you smoke, drink too much, eat too much, and lead a sedentary life.

Keeping Yourself Safe From Long-Term Disability

Self-employed individuals can protect themselves against long-term disabilities by adopting a healthy lifestyle and purchasing a private insurance policy. You can also take the following steps:

  • Be sure to visit your doctor regularly, follow their instructions regarding treatment for chronic conditions, and report any new symptoms as soon as they occur.

  • Sports and recreational activities should be taken seriously, including wearing the appropriate safety equipment.

  • To prevent overuse, repetitive stress, or other common work-related injuries, inspect your workspace.

  • Verify that you pay into Social Security and that you are eligible for disability benefits from Social Security.

  • Make sure you have an emergency savings account that will protect your savings if you cannot work or while you are applying for benefits.


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