Disability insurance is crucial for college owners to protect against the financial impact of illness or injury that prevents them from working. This coverage provides a monthly income replacement, ensuring that personal finances and business expenses are covered during recovery. Without disability insurance, a prolonged absence due to health issues could jeopardize both the owner’s personal financial stability and the continued operation of the college. Consider both short-term and long-term disability policies to address different types of income loss. Consult with an insurance advisor to select the right policy based on your financial situation, age, and health. Protecting yourself with disability insurance is an investment in the continuity and resilience of your college.
NACC has partnered with HUB Insurance to provide a one-stop-shop for Commercial Insurance, Employee and Student Benefits, Group Retirement, Surety and Personal Insurance. To discuss your college’s unique needs please complete the form found here: HUB Inquiry Form
