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Why buy overhead expense insurance for your business?
Overhead expense insurance is a disability insurance policy for your business. Injury and illness happen, and since they are unplanned it is difficult to budget for them, with an overhead expense policy you can eliminate the financial burden of suffering from an illness or injury where you are not able to work.
This is a small part of how you can set your company up for success through an injury or illness that stops you from being in the office.
Who should have business overhead insurance?
This type of insurance is best suited for small business owners, or the owners of closely held businesses and corporations where the business’s ability to generate income would be damaged if the business owner was not present for an extended period. Essentially, if you are a small business owner and you have recurring monthly expenses this insurance is right for you.
How Does it work?
Business overhead insurance pays a monthly benefit from the first month of disability for up to two years, depending on the plan you purchase. These funds will allow you to focus on recovery without worrying about how your ongoing expenses will be paid.