Can disability insurance pay for overhead expenses in my business?



Disability insurance can be an absolute life-saver when it comes to paying your personal monthly expenses after a sickness or injury. But what if you own a business with monthly overhead expenses that also need to be met? You may also need business overhead expense coverage.

When you own a business you are not only on the hook for your own personal household expenses – you are also responsible for covering the overhead expenses incurred by your business. If you own the type of business that would experience a loss of revenue if you personally could not work then you should consider buying business overhead expense disability insurance.

Many insurance carriers will offer up to $50,000 per month in business overhead re-reimbursement coverage. This coverage will simply reimburse you for the overhead you pay for while on claim. The coverage has a lower cost than you might imagine and the premium is tax deductible.

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