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For financial professionals
Financial Professionals Individual disability insurance Business loan expense
Business loan expense insurance
Help businesses cover a loan during a disability.

Business Loan Expense (BLE) insurance helps cover loans taken out for business-related expenses, such as:

  • Purchase or expansion of a practice or business
  • Purchase of significant equipment
  • Facility renovations
  • An increase in working capital or build-up of inventory

BLE (HH 802-BLE) is available in approved states. In the event of a total disability, benefits can be assigned to the loan holder. The benefit period lasts for the duration of the financial obligation or earlier.

In states where HH 802-BLE is not approved, the Business Loan Protection Rider (HH777) (PDF) can be added to Overhead Expense (HH789) insurance.

Target market
  • Small to midsize businesses with less than 10 owners
  • Ages 35-55
  • Can be a good fit for accountants/CPAs, attorneys, engineers, dental and medical professionals
Business customer profiles (PDF)
Get an application

Working with Principal®

We’re more than just products. It’s about the service you’ll receive from Principal and the experience, education, and ease of doing business to help you succeed with IDI.

  • Get direct access to your internal sales team: 800-654-4278 .
  • Access underwriting and submitting business resources: 800-654-4278 , options 3,3.
  • Get claims information: 800-654-4278 , options 4,3,4.

Important information

For financial professional information only. This summary is not a complete statement of the rights, benefits, limitations, and exclusions of the coverage described here. For cost and coverage details, contact your Principal® representative.