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According to statistics from the National Safety Council, the average American is five times more likely to be disabled in an accident than to die prematurely. Despite these odds, most of my contractor clients who have life insurance policies balk at buying disability insurance. One reason is that disability insurance seems to be very expensive. But there are several different types of coverage, and these can often be combined in ways that provide good protection at a reasonable cost. Two Types of Coverage Contractors need to consider two main types of disability insurance: income and overhead expense. (A third type, called buyout insurance, provides one partner with the funds needed to purchase an injured partner's interest in the company. Premiums are