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      • Commercial Insurance
      • Commercial Auto Insurance
      • Business Owners Package (BOP) Insurance
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      • Auto Insurance
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      • Auto Insurance Made Easy (Your FAQs answered)
      • Bundling Your Insurance Can Save You Big!
      • How Umbrella Insurance Can Protect You & Your Family
      • Do You Have Enough Umbrella Insurance?
      • Flood Insurance Made Easy
      • Earthquake Insurance FAQs
      • How to Save Money on Your Homeowners Insurance
      • Market Value vs. Replacement Cost
      • Whats Not Included in a Standard Homeowner's Policy
      • How to Protect Your Most Treasured Possessions
      • The Importance of a Home Inventory Checklist
      • Protect Your Rental Property & Income with Landlord Insurance
      • Renters Insurance Made Easy
      • Condos Insurance Made Easy
      • How to Save Money On Your Auto Insurance
      • Save Big on Maintenance with an Extended Warranty
      • Selecting the Appropriate Liability Coverage
      • What To Do In An Accident
      • Teen Driver FAQs
      • Protecting Yourself Against Identity Theft
      • Your Annual Insurance Review
      • The Value of Working with an Independent Insurance Agent
    • Commercial Lines >
      • Business Owner Policy
      • How Commercial Umbrella Insurance Can Protect Your Business
      • Employment Related Lawsuits are on the RISE ... Protect Your Business with EPLI
      • Cyber Attacks are Skyrocketing, Is Your Business Protected?
      • Protect Your Business Income with Business Interruption Insurance
      • How Professional Liability Insurance Can Protect You From Costly Lawsuits
      • Directors & Officers Insurance
      • How Commercial Flood Insurance Can Protect Your Business
      • Commercial Earthquake Insurance (PNW)
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      • Why LIFE: Short
      • Why LIFE: Long
      • Why LIFE: Young Family
      • Why LIFE: Stay-At-Home Mom
      • Why LIFE: Working Father
      • How Much Life Insurance Do You Need?
      • Term vs Permanent Insurance
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      • La Selección De La Cobertura De Responsabilidad Adecuada
      • Información Genérica Para Autos
      • Preguntas Frecuentes De Seguros De Propiedad
      • Beneficios del Seguro Sombrilla
      • Lo Que No Está Incluido En La Póliza De Propietario De Vivienda
      • Preguntas Frecuentas De Seguros Para Inquilinos
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Disability Insurance

Did you know more than 1 in 4 people today will become disabled at some point before retirement? It only takes a few minutes to find out how we can protect your future.

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What is Disability Insurance?

Disability Insurance, often called DI or disability income insurance, or income protection, is a form of insurance that insures the beneficiary's earned income against the risk that a disability creates a barrier for a worker to complete the core functions of their work. 

For example, the worker may suffer from an inability to maintain composure in the case of psychological disorders or an injury, illness or condition that causes physical impairment or incapacity to work. It encompasses paid sick leave, short-term disability benefits (STD), and long-term disability benefits (LTD).

Statistics show that in the US a disabling accident occurs on average once every second. In fact, Nearly 18.5% of Americans are currently living with a Disability, and 1 out of every 4 persons in the US workforce will suffer a disabling injury before retirement.

Types of Disability Insurance

Individual Disability Insurance - Those whose employers do not provide benefits, and self-employed individuals who desire disability coverage, may purchase policies. Premiums and available benefits for individual coverage vary considerably between companies, occupations, states and countries. In general, premiums are higher for policies that provide more monthly benefits, offer benefits for longer periods of time, and start payments of benefits more quickly following a disability claim. Premiums also tend to be higher for policies that define disability in broader terms, meaning the policy would pay benefits in a wider variety of circumstances.

High-limit Disability Insurance - High-limit disability insurance is designed to keep individual disability benefits at 65% of income regardless of income level. Coverage is typically issued supplemental to standard coverage. With high-limit disability insurance, benefits can be anywhere from an additional $2,000 to $100,000 per month. Single policy issue and participation (individual or group long-term disability) coverage has gone up to $30,000 with some companies.

Key-person Disability Insurance -  Key Person Disability Insurance provides benefits to protect a company from financial hardship that may result from the loss of a key employee due to disability. The company can use the benefits to hire a temporary employee should the disabled employee's disability appear to be short-term. In the case of permanent disability, benefits are used to help defray costs related to hiring a replacement, including recruitment, training, startup, loss in revenue and unfunded salary continuation costs.

Business Overhead Expense Disability Insurance - Business Overhead Expense (BOE) coverage reimburses a business for overhead expenses should the owner experience a disability. Eligible benefits include: rent or mortgage payments, utilities, leasing costs, laundry/maintenance, accounting/billing and collection service fees, business insurance premiums, employee salaries, employee benefits, property tax, and other regular monthly expenses.

Contact us to learn more about the disability insurance coverage for you.
(201) 854-1345​
7117 Kennedy Boulevard
North Bergen, NJ 07047​
Click Here to Email Us
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Licensed in New Jersey, New York, and Pennsylvania
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Plaza Travel & Insurance Services Ltd.
7117 Kennedy Blvd.
North Bergen, NJ 07047
(201) 854-1345​
(201) 854-3656
Click Here to Email Us

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