If you are self-employed, your financial responsibilities go well beyond yourself and your family. Your business partners, employees and creditors also depend on your ability to work. Good planning can save your business. When you can’t work, routine bills can quickly eat up your investments, RRSPs and even home equity. Worried creditors can force you into receivership or bankruptcy and if you miss quarterly income tax installments the Canada Revenue Agency can demand full payment plus interest after one year.
To guard against all of this, individual disability plans can be tailored to provide you with the income replacement you require and the Business Protection programs we offer will reimburse you for your covered monthly business expenses for up to 2 years if you become Partially or Totally Disabled as a result of an accident. You will be reimbursed upon proof of incurred business expenses up to the amount you have selected.