Insurance Denial Lawyers for Professional and Self-Employed Disability Claims
People who are self-employed often obtain private short-term and long-term disability insurance policies. Other high earning professionals who are covered under group policies also often chose to get private short-term and long-term disability insurance policies for excess coverage to ensure they will be compensated for losses over and above what would be covered under their group policies.
These policies usually differ from standard policies as to the definitions of what is or isn’t a disability and the amount of benefits payable under such policies. More often than not individuals with such policies are high earners and these policies are in place to ensure the benefits payable under short-term and long-term disability are suitable to replace their income if they become disabled due to an injury or illness.
These policies can also provide benefits beyond 65 years of age, unlike the majority of long-term disability policies. Some can be for the lifetime of the policy holder.
Another difference from group policies is that private policies often require medical underwriting to get approval. So long as you honestly disclose your relevant medical information, this medical underwriting makes it much more difficult for insurance companies to deny your claim.
Professionals that Obtain Private Disability Policies
Some of the types of professionals you commonly see obtain private disability policies are:
- Business owners
- Financial Advisors
- Sales Professionals
- Entertainment Industry Professionals
Private policies for professionals and self-employed individuals can vary wildly depending on the premiums a person is willing to pay and the benefits they are looking to receive. Due to this, when these policies are denied it is important to get help from a lawyer with expertise in the law and insurance to help you get what you contracted for.
If your professional or self-employed long-term disability claim has been denied, contact the lawyers at Taylor & Blair LLP today.