Do self-employed people need disability insurance?
Self-employed people often have fewer employer benefits, so an individually owned disability plan can be important for protecting rent, mortgage, payroll, and family expenses.
Disability Insurance in Ontario - Income Protection
Disability insurance guidance for Ontario employees, self-employed professionals, contractors, and business owners. Compare waiting periods, benefit periods, monthly benefit amounts, occupation definitions, tax treatment, and workplace coverage gaps.
Insurance Topics Covered
- disability insurance Ontario
- income protection insurance Canada
- self employed disability insurance
- long term disability insurance Ontario
- disability insurance Brampton
Common Questions
What is a waiting period?
The waiting period is how long you must be disabled before benefits begin. A longer waiting period can reduce premium but requires more emergency savings.
Is workplace disability coverage enough?
Sometimes, but group plans may be capped, taxable, not portable, or use definitions that change. Review the booklet before assuming it fully protects your income.