Business Overhead Disability

Business overhead expense insurance covers the costs of running your business when your absence, due a disability, means those costs would go unpaid. The expenses covered by BOE insurance include important day-to-day functions like the following:

• Rent or Mortgage Payments

• Employee Salaries and Benefits

• Utility Bills

• Property Taxes

• Accounting Fees, Legal Fees, and Professional Dues

• Malpractice and Other Business Insurance Premiums

• Maintenance and Janitorial Services

• Depreciation

• Interest on Business Debts

• Office Supplies

• Other Fixed Expenses that are Ordinary, Necessary, and Tax Deductible

A practice that relies on a small number of people (or one person) to produce revenue is economically vulnerable if one of those individuals becomes disabled. Business overhead expense insurance ensures that your practice has the necessary income to stay afloat during what would most certainly be a very difficult period.