What type of insurance would protect against accidents or events that may cause financial loss due to an inability to work?

Disability insurance is designed specifically to protect individuals from financial loss resulting from an inability to work due to accidents or illnesses. It provides income replacement benefits, which help cover essential expenses like rent, mortgage payments, and daily living costs when a policyholder is unable to earn a wage because of a disabling condition. This type of insurance ensures that even if an individual cannot work, they still have some level of financial support to maintain their standard of living.

Business interruption insurance focuses on loss of income for businesses due to unforeseen events, which does not directly apply to individuals unable to work due to personal health issues. Liability insurance protects individuals or businesses from claims resulting from injuries or damage to others, not from personal financial loss due to inability to work. Personal property insurance covers loss or damage to personal belongings and does not address income replacement for work incapacity. Hence, disability insurance is the appropriate choice for safeguarding against the financial difficulties that arise from being unable to work.