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For financial professionals
Financial Professionals Individual disability insurance Overhead expense insurance
Overhead expense insurance

Help businesses keep their door open during a disability.

Overhead Expense (OE) insurance reimburses business owners for business expenses incurred during a disability—so they can keep the door open when they are too sick or hurt to work.  Covered expenses are typically those that are deductible for federal income-tax purposes, such as premiums for malpractice insurance, mortgage/rent, salaries, utilities, water, and more. The policy is non-cancelable and guaranteed renewable to the insured’s age 67 policy anniversary.

The current OE product available in most states is HH801. In states where HH801 is not approved, the HH789 product is available (excluding California). View state approvals.

Target market

  • Small and midsize businesses with:
    • Less than 8 owners for fee-for-service businesses
    • Less than 4 owners for other types of businesses 
  • Owners
    • Ages 35-55
    • Critical to the continued operation and livelihood of the business
    • Occupations such as executives, accountants/CPAs, attorneys, and dental and medical professionals

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.