(212) 204 8625
Info@kobacapital.com
Mon - Sat
09:00 AM - 05:00 PM
Friday till 01:00 PM
70-50 Austin St, Suite 111A
Queens, NY 11375
Info@kobacapital.com
Friday till 01:00 PM
Queens, NY 11375
Life can be unpredictable, and an illness or disability can suddenly affect your ability to work and earn an income. Disability insurance is designed to protect you in these situations by providing partial wage replacement if you are unable to work due to injury, illness, or long-term disability. Unlike workers’ compensation, which only applies to work-related injuries. Meanwhile, this insurance covers you even if your condition is not job-related, offering broader financial protection.
At Koba Capital, we make securing disability insurance straightforward and stress-free. With a simple medical evaluation or recent treatment documentation, our team can quickly set up a policy that gives you peace of mind and income protection when you need it most.
Disability insurance is a type of coverage that provides income protection if you are unable to work due to an illness, injury, or long-term disability. Instead of leaving you without financial support, this insurance pays a portion of your lost wages, helping you keep up with everyday expenses like rent or mortgage, utilities, and medical bills.
Unlike workers’ compensation, which only covers work-related injuries, this insurance offers broader protection. It applies whether your disability is caused by an accident outside of work, a serious illness, or a long-term medical condition. In short, it ensures that you and your family have a financial safety net when your ability to earn an income is disrupted.
It is designed to protect working individuals who depend on their income to support themselves or their families. It provides coverage for:
Employees – Workers in any industry who may lose their ability to earn a paycheck due to illness, injury, or long-term disability.
Self-Employed Professionals – Business owners, freelancers, and contractors who do not have employer-provided coverage but still need income protection.
High-Risk Occupations – People in physically demanding jobs, such as construction, healthcare, or transportation, who face a higher chance of injury or disability.
Anyone With Financial Obligations – Individuals with mortgages, dependents, or other recurring expenses who cannot afford to be without income if they become unable to work.
At its core, disability insurance covers you—the policyholder—by replacing part of your income so you can continue to manage your financial responsibilities even when you can’t work.
It provides financial protection when an illness, injury, or medical condition prevents you from working. Instead of leaving you without income, it replaces a portion of your wages so you can continue meeting everyday expenses.
Short-term disability insurance pays your partly income from nine to fifty-two weeks. The extent of the payment depends on the insurance policy you take out. For example, minor disabilities like ankle sprain that keeps you away from work may take four to six weeks to heal. In such cases, you can take out a six-week insurance policy. But remember – the benefits usually start after eliminating a waiting period that can be anywhere between seven and fourteen days. However, in some cases, there is no waiting period. We will walk you through your short-term insurance plan once you contact us.
As you can figure out from the name, long-term disability insurance can last for years and not just for fifty weeks. Our long-term insurance policies can provide 50 to 60% of your base wages. We pay out your disability benefits for the time mentioned in the plan. Long-term disability benefits come with a maximum age capping. For example, you may not receive your partial wage replacement benefits after turning 65.
We have options for both short-term and long-term policies. You can choose both or stick to only one policy depending on your disability or the average recovery time of your illness.
Unlike workers’ compensation, which only applies to job-related injuries, disability coverage protects your income whether your condition occurs on or off the job.
Life is unpredictable, and a sudden illness or injury can make it impossible to earn your regular income. Without proper protection, this loss of income can quickly create financial strain for you and your family. Disability insurance provides a reliable safety net, replacing a portion of your wages so you can continue to pay for essentials like housing, food, medical care, and daily living expenses.
At Koba Capital, we help you secure disability insurance that fits your needs and lifestyle. Our goal is to give you peace of mind knowing that if the unexpected happens, you’ll still have the financial stability to focus on recovery—not on bills.
Workers’ compensation only applies if your disability or injury happens on the job. Disability insurance, however, covers you even if your condition arises outside of work—for example, from an illness or non-work-related accident.
Anyone who relies on their income to pay for daily living expenses, support their family, or cover ongoing bills can benefit from disability insurance. This includes both employees and self-employed individuals.
Yes. New York State requires most employers to provide short-term disability insurance to employees. However, individuals may also choose to purchase additional coverage privately for greater financial protection.
To qualify, you’ll need medical documentation showing that your disability prevents you from performing your job. Each policy may have different requirements, waiting periods, and definitions of disability.
Absolutely. Even if you run your own business, disability insurance can protect your income and help keep your finances stable if you are unable to work.
It’s simple. We’ll review your needs, help you understand your options, and guide you through the application process. With the right coverage in place, you’ll have peace of mind knowing your income is protected.
Disability insurance is not similar to health insurance. Health insurance takes care of your medical bills and treatment costs. Disability insurance replaces a part of your income when you can’t work because of your illness. Do note that this type of insurance doesn’t replace your full income. Instead, it provides wage replacement benefits where you can receive approximately 60% of your monthly earnings.
Some people say it’s wrong to have a ceiling on the amount of money you receive from disability insurance. But you should understand that receiving 60% of your wages is still a better deal than not getting anything. It would provide some money to make ends meet.
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