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Broker Disability Insurance

Why Get Broker Disability Insurance


Brokers are exposed to a lot of occupational accidents and injuries. Some injuries and ailments might make it difficult or impossible for a broker to do his job. This is why it is necessary for a broker to take out broker disability insurance.

With broker disability insurance, you can get a portion of your salary or income if you become disabled. The amount you can get in benefit could vary from one insurance provider to the other. Some insurance providers may be willing to pay up to 50 to 60 percent of your salary in benefit.

If you want to get the best benefits and features in broker disability insurance, you need to be meticulous when choosing your insurance provider. With lots of insurance providers in Canada, it may not be easy to choose the right broker disability insurance policy. This is why it is advisable to shop around and compare policy options before choosing broker DI.

Take advantage of the extensive resources provided by Insurdinary to choose the best broker disability insurance. Insurdinary can connect you to reliable insurance advisors who will guide you to choose the best coverage available to Canadians.

To get a quote for broker disability insurance, click here.

The Difference between Long- & Short-Term Broker Disability Insurance


disability insurance

Broker Short Term Disability Insurance

Broker disability insurance can last either for a long period of time or for a short time. Short term broker disability insurance provides financial protection and security for less than one year. The coverage usually lasts from 9 weeks to 52 weeks and could cover work-related accidents, illnesses, and injuries.

Broker Long Term Disability Insurance

Sometimes, disabilities could last for a long period of time. For such, you need long term broker disability insurance. Broker long term disability insurance provides robust financial coverage for a long period of time, usually more than 2 years. The policy may also cover you until retirement or whenever you are healthy enough and can return to work. Long term broker disability insurance duration may vary from one insurer to the other.

To learn more about broker long term disability insurance, click here.

What is Covered in Broker Accident Insurance?


Broker disability insurance may cover several medical conditions, accidents, illnesses, and injuries. Some conditions may also be excluded from the policy. For instance, if you are diagnosed with a medical condition before the policy’s start date, the condition will be excluded from the policy.

Furthermore, the medical conditions covered in the broker disability insurance may vary with the insurer. However, most insurers cove work-related accidents and disabilities but some insurers also cover non-work-related conditions and even non-illnesses such as childbirth and pregnancy.

Broker Injury Insurance Coverage:

Coverage for total disability
Partial disability benefits
Retraining benefits and recovery benefits
Broker disability insurance coverage for mental illness
Broker disability insurance coverage for pregnancy
Survivor benefits
Compassionate disability

To learn more about broker accident insurance, click here.

Be Prepared for Anything, No Matter Where You Work


You don’t have to lose your salary because of a disability. Get disability insurance today to make sure you are covered wherever you work.

Canadian Institutes for Brokers


Learn about Broker DI

There are a number of broker associations and institutes in Canada. Here are a few of such associations.

 

    • Insurance Brokers Association of Canada – 18 King St E Suite 1210, Toronto, ON M5C 1C4 – (416) 367-1831

 

    • Insurance Brokers Association Of Ontario – 1 Eglinton Ave E suite 700, Toronto, ON M4P 3A1 – (416) 488-7422

 

    • Insurance Brokers Association Of Alberta -3010 Calgary Trail NW, Edmonton, AB T6J 6V4 – (780) 424-3320

 

    • Insurance Brokers Association Of British Columbia – 543 Granville St 16th Floor, Vancouver, BC V6C 1X8 – (604) 606-8000

 

    • Insurance Brokers Association Of Manitoba – 1445 Portage Ave #600, Winnipeg, MB R3G 3P4 – (204) 488-1857

 

    • Insurance Brokers Association Of Nova Scotia – 380 Bedford Hwy, Halifax, NS B3M 2L4 – (902) 876-0526

 

    • Insurance Brokers Association of New Brunswick – 334 Queen St #202, Fredericton, NB E3B 1B2 – (506) 450-2898

 

To learn more about broker associations in Canada, click here.

Purchase Broker Disability Insurance in Minutes – Easy!


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Finding the best broker disability insurance is easy with Insurdinary. Simply sign up, get quotes sent directly to your inbox, and buy your perfect plan online.

Purchasing broker disability insurance should be the least of your worries. Get quotes now to protect your income and salary!

 

Step 1 – Get Quotes

Answer a few questions about your occupation to get quotes sent straight to you.

Step 2 – Compare Rates

Compare plans and prices from top level disability insurance providers.

Step 3 – Buy Online

Choose a plan and buy the perfect insurance plan in minutes.

Canadian Broker Accident Insurance Statistics


Over the period 2017 to 2026, new job openings for real estate agents and salespersons are expected to total 49,300 and 48,200 new job seekers are expected to fill these positions.

Furthermore, the 2015 Labor Force Survey indicates that 88% of people who work in this occupation are self-employed and 86% of them work fulltime. Also, the 2011 National Household Survey shows that 44% of people who work in this occupation are women, compared to the average of 48% of all occupations.

To learn more about broker accident insurance, click here.

Injuries Brokers Suffer From


Brokers and real estate agents are exposed to a lot of risks and injuries when doing their job. Some of these injuries could result in a disability which could make it difficult for the professional to work. This is why it is advisable for a broker to take out broker disability insurance as early as possible in his occupation.

Some of the occupational hazards and injuries associated with brokers include the following:

Slips and falls
Car accidents
Repetitive stress injuries
Carpal Tunnel syndrome.

Get the Lowest Rates on All Types of Insurance


Insurdinary has you covered no matter what. Shop online for the best insurance coverage and rates in Canada.

Broker Injury Insurance FAQ


Looking for broker disability insurance coverage?

Learn more about how to get the best price broker disability insurance online by checking out the Frequently Asked Questions below.

I am a broker, do I need disability insurance?

Yes. Brokers may be exposed to a lot of injuries and accidents related to their occupation. With broker disability insurance, you can get up to 50 to 60 percent of your salary in benefits if you become disabled.

How long does long term broker disability insurance last?

Depending on the insurance policy, broker long term disability insurance may last until retirement or whenever you recover and can return to work. It may also last for a specified number of years.

How much is a broker disability insurance premium?

You should expect to pay up to 1 to 3 percent of your gross annual salary in disability insurance premium. For instance, if your annual salary is $100,000, you should expect to pay from $1,000 to $3,000 in premium.

How much can I get in broker disability insurance benefits?

The amount you stand to get in benefits may vary from one insurance company to the other. However, most insurance companies will pay up to 50 to 60 percent of your salary or income in benefits.

To learn about broker injury insurance, click here.

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