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Are you someone who works in a high stress environment? What about someone who works in a risky workplace where physical injury could take place (like in a factory or on construction)? Do you even wonder if being around electricity, driving vehicles, or being around machinery on the job may put you more at risk than others?

The thing is, if you fit into one or all of these scenarios, you are more at risk on the job. But what goes along with these scenarios is that you are likely to have some sort of protection through your company for your sustained injury. Worker’s compensation is a big thing in a lot of bigger, more established companies.

But how well does it hold up when you are hit by an injury or illness outside of this workplace? What happens when an airborne disease befalls you when you’re at home and, suddenly, you’re out of work for an extended period of time? You weren’t hurt, injured, or become sick on the job, so the policy your workplace has is unlikely to cover you. Where do you turn now?

Your answer is disability insurance.

“But why would I need that when I already have what you’re talking about through my company?”

Well, we already covered that. Because your company isn’t going to be paying for illnesses or anything of that nature since it wasn’t their fault. And did you know that illnesses and diseases are far more likely to put you out of work than a freak accident with machinery or vehicles?

The bottom line still stands: you need disability insurance. This type of insurance will kick into effect anytime you’re out of work for an extended period of time so that you can still pay the bills and support your family even when your work isn’t paying you.

Yes, it seems silly to stack this type of insurance policy with something that your workplace already has. That’s why it’s important to understand what your company covers, what they don’t, and even how much they pay out based on an injury or illness (if they even do it for illnesses). That way, you know what sort of policy to get for disability in case you are looking to have both.

Overall, you need to protect yourself and your family from financial ruin by looking ahead of the game and being prepared for anything. Just because your company has something in its policies doesn’t mean that something will cover everything.