Business Overhead

Make Sure Your Business Can Always Pay the Bills

You—and perhaps your co-owners—make a significant contribution to the business. In fact, it's so significant that if you were disabled for any length of time, your absence would impact the bottom line.

The Business Overhead Expense policy is designed for principals of closely held businesses or practices and owners of small businesses. It is an expense reimbursement policy that covers those fixed monthly business overhead expenses required to keep the business viable until the return of the owner, after a period of disability. This allows the business operations to continue until the insured either returns to work or makes a decision regarding the future of the business.

It is most vital with businesses and practices in which the owner's ability to come to work makes the difference between the office being open or closed for business. The coverage will appeal to physicians, lawyers, accountants, engineers and other individuals who own firms that depend on the owner's ability to generate income to pay the bills.

All of these features, plus the fact that premiums may be tax-deductible as a business expense, make the Business Overhead Expense insurance a key component of any business owner's financial security plan. It ensures that business continues when a disability occurs.
 

Business Overhead

Make Sure Your Business Can Always Pay the Bills

You—and perhaps your co-owners—make a significant contribution to the business. In fact, it's so significant that if you were disabled for any length of time, your absence would impact the bottom line.

The Business Overhead Expense policy is designed for principals of closely held businesses or practices and owners of small businesses. It is an expense reimbursement policy that covers those fixed monthly business overhead expenses required to keep the business viable until the return of the owner, after a period of disability. This allows the business operations to continue until the insured either returns to work or makes a decision regarding the future of the business.

It is most vital with businesses and practices in which the owner's ability to come to work makes the difference between the office being open or closed for business. The coverage will appeal to physicians, lawyers, accountants, engineers and other individuals who own firms that depend on the owner's ability to generate income to pay the bills.

All of these features, plus the fact that premiums may be tax-deductible as a business expense, make the Business Overhead Expense insurance a key component of any business owner's financial security plan. It ensures that business continues when a disability occurs.