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Contractor Disability Insurance

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Find the best rates for contractor disability insurance with Insurdinary.

Why Get Contractor Disability Insurance


A contractor is a professional or a business that performs work on the basis of a contract. He may be a general contractor, an independent contractor, defense contractor and so on. Although contractors may not necessarily work under an employer, the professional needs to get monthly incomes even when disabled.

Sadly, some disabilities may make it impossible for the professional to work and if he does not have appropriate disability insurance, he may soon run out of money to take care of himself and his family. Every contractor needs to take out a contractor disability insurance policy to protect their finances against disabilities.

However, you don’t need just any contractor DI policy, you need a policy with awesome disability benefit. This is why you should shop around to choose the best disability insurance for contractors. With Insurdinary’s extensive guide, you can get quotes on the contractor income replacement policies from top insurance providers.

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

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


disability insurance

Contractor Short Term Disability Insurance

Disability insurance coverage could be either short-term or long-term. As the name implies, short-term contractor disability insurance provides financial protection only for a short period of time. The coverage duration may vary from one insurance provider to the other but for most providers, it is less than one year and more than one month.

Contractor Long Term Disability Insurance

If you are disabled for a longer time, you also need contractor disability insurance to protect your salary and income. The coverage duration for contractor long-term disability insurance could be from 2 to 10 years. Most insurers will provide the disability benefits until you reach the age of retirement, typically 65 years old, or until the insured is healthy enough and ready to return to work.

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

What is Covered in Contractor Accident Insurance?


Most injuries that could result in disability are covered by a contractor disability insurance policy. However, non-illnesses such as childbirth and pregnancy are also covered by such policy.

In the event that a medical condition is diagnosed before the start date of the contractor disability insurance policy, such condition will likely be excluded from the coverage.

Contractor Injury Insurance Coverage:

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

To learn more about contractor 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 Contractors


Learn about Contractor DI

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

 

    • Mechanical Contractors Association Of Canada – 280 Albert St, Ottawa, ON K1P 5G8 – (613) 232-0492

 

    • Canadian Electrical Contractors Association – 41 Maple St, Uxbridge, ON L9P 1C8 – (416) 491-2414

 

    • Pipe Line Contractor Association of Canada – 1075 North Service Rd W, Oakville, ON L6M 2G2 – (905) 847-9383

 

    • Ontario General Contractors Association – 180 Attwell Dr Suite 280, Etobicoke, ON M9W 6H8 – (905) 671-3969

 

    • BC Construction Association – 401 – 655 Tyee Rd, Victoria, BC V9A 6X5 – (250) 475-1077

 

    • Vancouver Regional Construction Association – 3636 E 4th Ave, Vancouver, BC V5M 1M3 – (604) 294-3766

 

    • Electrical Contractors Association Of BC – 3989 Henning Dr, Burnaby, BC V5C 6P3 – (604) 294-4123

 

    • Independent Contractors and Businesses Association of British Columbia – 700-4730, Kingsway, Burnaby, BC V5H 0C6 – (604) 298-7795

 

    • Electrical Contractors Association of Alberta – 17725 103 Ave, Edmonton, AB T5S 1N8 – (780) 451-2412

 

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

Purchase Contractor Disability Insurance in Minutes – Easy!


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

Purchasing contractor 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 Contractor Accident Insurance Statistics


A total of about 213,534 establishments were established in the specialty trade contractor industry in 2016. 99.2 percent of these businesses have about 0 to 99 employees. Financial data for the industry indicates an average revenue of $384,400 and 84 percent profitability.

To learn more about contractor accident insurance, click here.

Injuries Contractors Suffer From


The injuries suffered by contractors depends on the specific field the contractor works in. Construction contractors, for instance, are exposed to a lot of injuries, accidents, and illnesses. If the professional has a contractor disability insurance policy, he will receive a percentage of his salary in the event of a disability.

Some of the common injuries common to contractors include:

Burn pit exposure
Psychiatric injuries
Brain injuries
Hearing-related injuries
Orthopedic injuries
Fires and Explosions
Repetitive motion injuries, heatstroke, and overexertion, etc.

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.

Contractor Injury Insurance FAQ


Looking for contractor disability insurance coverage?

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

Can independent contractors get disability insurance?

Independent contractors are considered to be self-employed. Self-employed workers do not have the luxury to miss work and so they may not earn an income if disabled. Contractor disability insurance can help independent contractors to pay their bills.

How much contractor disability insurance do I need?

Typically, the disability insurance benefit is about 60 or 50 percent of your pre-disability income. If you are earning $100,000, your benefit will probably be $60,000 or $50,000.

How much should I pay for contractor disability insurance?

Whether short or long-term, disability insurance would typically cost about 1 to 3 percent of your gross annual income. In other words, if you are making $100,000 in a year, you will pay from $1,000 to $3,000 in disability insurance.

What medical conditions cover for long-term contractor disability insurance?

Several medical conditions qualify for long-term disability insurance. Examples include brain injuries, cancer, anxiety disorders, chronic pain, back injuries, asthma, bipolar disorder, cerebral palsy, etc.

To learn about contractor injury insurance, click here.

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