A small business owner worried about an accident preventing work should purchase?

A small business owner concerned about the possibility of an accident preventing them from working should consider purchasing disability insurance. This type of insurance is designed specifically to provide income protection in the event that the policyholder is unable to work due to an accident or illness.

Disability insurance can help cover essential expenses when a business owner is recovering and unable to earn an income, ensuring that they can maintain their personal and business obligations during a challenging time. It supports financial stability, allowing the individual to focus on recovery without the added stress of lost income.

In contrast, while health insurance is important for covering medical expenses, it doesn't provide income replacement. Life insurance pays out a benefit upon the policyholder's death, which is not relevant to the concern of being unable to work temporarily. Property insurance protects against damage or loss of business property, but it does not address the issue of income loss due to the owner's inability to work following an accident.