You have Disability Insurance – What about your Business?

You have Disability Insurance – What about your Business?

Business Overhead Expense Disability Insurance

Cover Business Overhead ExpensesYou may have purchased a disability insurance policy for yourself, but what about your business?  The bottom line is, your personal bills might be covered by an individual policy, but if you own a business, those expenses need to be covered by a separate policy, typically called a business overhead expense policy.

The health of your business is closely tied to your health, but what would happen to your business if you became too ill or injured to work?

  • How would you meet the everyday business expenses like rent and utilities?
  • Without you providing your services, how will new revenue for the company be generated?
  • Would you have to take on debt or terminate employees in order to keep the business afloat?
  • Will the business still be there when you return to work?

Business Overhead Expense Disability insurance is designed to provide coverage  for your business in the event of a disabling illness or injury of the business owner(s).  Most policies provide reimbursement for up to 100% of covered expenses such as:

  • Rent, utilities and taxes
  • Loan interest and principal payments (or depreciation).
  • Salary and benefits of non-owner employees.
  • Up to 50% of the salary of your replacement.

You’ve already done so much to protect your financial well-being.  With the right individual disability policy, your family’s economic well-being is safeguarded.  Now it’s time to consider protecting the business you’ve worked so hard to establish and maintain.  

Original article: You have Disability Insurance – What about your Business?

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via ProtectYourIncome.com » Disability Insurance Blog:

You have Disability Insurance – What about your Business?Posted onAugust 26, 2013byRichard ReichBusiness Overhead Expense Disability InsuranceYou may have purchased a disability insurance policy for yourself, but what about your business?  The bottom line is, your personal bills might be covered by an individual policy, but if you own a business, those expenses need to be covered by a separate policy, typically called a business overhead expense policy.The health of your business is closely tied to your health, but what would happen to your business if you became too ill or injured to work?How would you meet the everyday business expenses like rent and utilities? Without you providing your services, how will new revenue for the company be generated? Would you have to take on …

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You have Disability Insurance – What about your Business?

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