Disability Overhead Expense Insurance

How it Works

Reimburses the owner for covered overhead expenses up to a specified amount during a disability. It covers fixed business expenses such as:

• Lease, rent or mortgage payments
• Utilities
• Liability insurance
• Property taxes
• Accounting and legal services
• Professional trade dues and subscriptions
• Other fixed expenses normally incurred in running the business

Advantages

• Helps meet routine business expenses and allows the business to remain open.
• Assures customers, creditors and employees of business continuity.
• Policy premiums are tax-deductible as an ordinary and necessary business expense.