Overhead Expense Insurance
How it Works
In addition to disability income for your personal needs, Overhead Expense Insurance from Principal Life can help "keep the doors open" by reimbursing you for business expenses incurred during a disability, 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 a business
Product Highlights
- Helps meet routine business expenses and allows the business to remain open
- Designed for owners of small- to medium-sized businesses, whose personal service is key to the continued earning of business income
- Assures customers, creditors and employees of business continuity
- Policy premiums are tax-deductible as an ordinary and necessary business expense
Read How Overhead Expense Insurances Saved The Day (PDF: 165 KB) for Bill Wald, an owner of a small business and a Principal Life Disability Insurance claimant
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Disability insurance has limitations and exclusions. For costs and complete details of coverage, contact your Principal Life financial representative.
Policy Form # HH702
Approval #11763122010
