Certain factors can affect an entrepreneur's ability to get disability insurance. For instance, those who work at home may find it more difficult to obtain coverage because injuries occur more often in home than in office environments. Furthermore, some insurance carriers won't issue policies for owners of new companies who don't have a two-year earnings history with their enterprise. But in general, your ability to obtain coverage, your premium payments, and potential benefits will depend on your line of business, your salary, your age, and your medical history. The most comprehensive policies become effective if you can't earn a living in your profession, while you can obtain lesser coverage if you're unable to do any job.
Many policies have waiting periods ranging from several months to two years.
The longer the wait, the lower your premium. Insurance products are offered through various insurance affiliates of First Union Corporation and underwritten by non-affiliated insurance companies.