Minding your own health and well-being means you’re ready to take on any challenge your business presents.
By Jennifer Paulson
Chances are, many of the horses in your barn are insured. Your business and property are covered, too. But are you insuring the most important asset in your business? That’s you—the one with the talent, skill, and vision to create your operation.
Without you, there is no reining horse business bearing your name.
How can you cover this priceless commodity? There are a few ways to take steps to prepare for an accident.
Ask around. There are a few thousand NRHA Professionals just like you around the world. Ask those who you know what kind of coverage they use, how they got it, and if it works for them. A reference from a peer can be the easiest first step to take.
Open a savings account. It’s not the quickest way to build funds, but it’s easy, especially if you come into money and need to sock it away for the future.
Look into accident insurance. In return for paying a periodic premium, you’ll receive a payout when you have an injury. The payout is based on how severely you’re injured.
Consider disability insurance. This type of policy attempts to protect your income if you can’t work due to illness or injury. It covers a percentage of your usual salary, usually around 60%.
Explore major medical. You’re probably looking at a very high-deductible policy, but it will cover catastrophic events like a heart attack or major accident.
Learn about faith-based expense-sharing options. These can be tricky and have many requirements and considerations, but often involve a group of like-minded individuals who pay into a program. Each member has a predetermined minimum cost to themselves, and then the rest is paid out by the group’s contributions.
