Individual Disability Income Insurance protects your paycheck. But if you’re business owner, you have other income and other obligations beyond your home mortgage and grocery bills…your business income and expenses
A Business Overhead Expense policy is built to cover the ongoing expenses of a disabled business owner. These might be:
– Office Rent
– Accounting and Tax Services
– Insurances
– Copier/Machinery Leases
– Staff Salaries.
Business Overhead Expense Insurance has a lower price point than Individual DI and is a natural consideration for business owner who has personal DI. Think about it – his liability coverage will likely have “business interruption” coverage that allows for losses due to “…damage or destruction of a covered peril” – but it doesn’t cover the ultimate “peril” – the inability of the primary revenue generator’s to work because of an accident or sickness.
We can help. Multiple carriers. At The Brokers Source, We Do DI!
No responses yet