Although disability insurance gets less attention than life insurance, experts agree that disability coverage is at least as important.
While most people are prepared for the medical costs of severe injury or sickness (through health insurance), without disability insurance they are not prepared for the loss of wages that accompanies such a tragedy. In general, if you count on your job to pay the rent and buy food, you should seriously consider disability coverage.
Many employers offer disability insurance for their employees. However, every disability insurance policy from every insurance company is very different. Furthermore, any disability payouts from an employer's policy are subject to taxes, while payouts from individual policies are not. Individual disability coverage is generally much more expensive than employer disability coverage. Nevertheless, you should review any policies your employer has taken out, and consider purchasing individual coverage if the policy is insufficient.