Disability Insurance Nationwide — Protect Your Income & Your Business
Your ability to earn an income is one of your most valuable assets. Charlie M. Richardson helps individuals and professionals protect their income if an illness or injury prevents them from working, while helping business owners explore coverage designed to keep essential business expenses covered during a disability.
The problem
Your Income Powers Everything. Is It Protected?
- 01
Your Bills Don't Stop Just Because Your Paycheck Does
An illness or injury could prevent you from working for months or even longer. Individual disability insurance can replace a portion of your income, helping you continue covering everyday expenses while you focus on recovery.
- 02
Your Employer's Disability Coverage May Leave a Gap
Employer-sponsored disability benefits can provide valuable protection, but they may only replace a portion of your income and can have benefit limits. Individual disability insurance can provide additional protection designed around your income and financial needs.
- 03
Your Business Still Has Expenses When You Can't Work
Rent, payroll, utilities, and other operating expenses don't disappear when a business owner becomes disabled. Business Overhead Expense (BOE) insurance can help cover eligible business expenses while you're unable to work.
- 04
Your Employees Need Income Protection Too
Group disability insurance can add another valuable layer to your employee benefits package, helping employees protect their income while giving your business another tool to attract and retain talent.
Free onsultation
Your Health Insurance Should Fit Your Life — Not the Other Way Around.
One conversation. Multiple options. Personalized guidance to help you find the right coverage for yourself, your family, or your business — at no cost to you.
How We Help
Disability Insurance
The Charlie M. Richardson Approach
Charlie M. Richardson helps individuals, professionals, and business owners nationwide explore disability insurance solutions designed to protect their income and businesses. I work with leading disability insurance carriers to ensure you get the best benefit periods, elimination periods, and policy features for your needs.
Important considerations
- Own-occupation versus any-occupation definitions
- Elimination period and benefit period length
- Whether benefits are taxable
- Residual and cost-of-living riders
Individual Disability Insurance
Protect your paycheck when an illness or injury prevents you from working. Individual disability insurance can replace a portion of your income, helping you continue meeting your financial obligations while you're unable to earn your normal income.
Small Group Disability Insurance
Give employees an additional layer of income protection through employer-paid or voluntary disability benefits. Group disability coverage can strengthen your overall benefits package while helping attract and retain employees.
Income Protection for Professionals
Designed for high-income professionals, business owners, executives, and commission-based earners whose ability to generate income is one of their most valuable financial assets.
Business Overhead Expense Insurance
Your business expenses don't stop if you become disabled. Business Overhead Expense coverage can help pay eligible expenses such as rent, utilities, employee salaries, and other ongoing overhead while you're unable to work.
Frequently asked questions
Disability Insurance
Many disability insurance policies are designed to replace approximately 60–70% of your income, but the right amount depends on your individual situation. I’ll review your income, existing employer coverage, monthly obligations, and financial needs to identify potential gaps and determine an appropriate level of protection.
“Own occupation” coverage may pay benefits when a disability prevents you from performing the duties of your specific occupation, even if you're able to work in another capacity. “Any occupation” coverage generally has a broader standard, requiring your disability to prevent you from working in another occupation for which you're reasonably suited. For specialized and high-income professionals, the definition of disability can be one of the most important features of a policy. I'll help you understand the differences and find coverage that fits your profession and income.
Disability insurance policies can offer a variety of benefit periods, such as 2 years, 5 years, or coverage extending to age 65 or 67. The right benefit period depends on your income, occupation, financial obligations, existing coverage, and how long you want your income protected. I’ll help you compare the options and choose a benefit period that fits your needs.
Business Overhead Expense insurance helps cover eligible operating expenses if a disability prevents a business owner from working. Depending on the policy, this can include expenses such as rent, employee salaries, utilities, insurance premiums, and other recurring overhead — helping keep the business running while the owner focuses on recovery. Unlike individual disability insurance, which is designed to help replace your personal income, BOE coverage is designed to help protect the business you've built.
Individual disability insurance premiums are generally not tax-deductible when paid personally with after-tax dollars, and benefits are generally received income-tax-free. Business Overhead Expense (BOE) insurance premiums may generally be deductible as a business expense, while benefits received may be taxable. Tax treatment can vary based on how the policy is structured and who pays the premiums, so I recommend coordinating with your tax professional when evaluating your coverage.
What makes us apart
Life & Family
Protection
Final word
Get Your Free Disability Insurance Consultation — Available Nationwide
One conversation. Multiple options. Personalized guidance to help you find the right coverage for yourself, your family, or your business — at no cost to you.