Services >
Business Solutions > Coverage for Overhead Expenses
Business Solutions
Coverage for Overhead Expenses
If you are unable to go to work tomorrow because of a disability, how would you cover your overhead expenses? What would you do with your business? Be prepared to answer these questions, because your chances of becoming disabled are significant. The solution is top disability coverage that reimburses your eligible overhead expenses if you become disabled. It is ideally suited for the small business or professional practice during disability.
Overhead Expense insurance is available to self-employed people who are directly and personally involved in their business, and whose services are essential to the continuation of the enterprise. For instance, the viability of a dental practice depends almost entirely on the ability of the dentist to routinely treat his or her patients.
When disability strikes, these people remain liable for a variety of ongoing overhead expenses; rent, salaries and utilities to name a few. Yet at the same time, the gross income of the business will be dramatically curtailed because of their absence from work. This situation frequently leads to bankruptcy. As an alternative, Overhead Expense coverage provides the funds needed to keep the business "in the black".
After becoming disabled, the self-employed person generally has two options; trying to keep the business going in hopes of returning to work, or selling it if a long term disability seems likely. Overhead Expense coverage protects the business in either situation while this critical decision is being made. A comprehensive range of policy features means that the benefits can be adjusted to the varying needs of the individual business.Should disability strike, you have a number of fixed expenses and perhaps some sources of income.
Small Business Benefits
Small business benefits provide vital protection for you, your family and your employees. We offer plans that allow you to choose the specific benefits you need and value in life, disability, health, and dental coverage.
