Business Overhead Expense Insurance

With Business Overhead Expense Insurance, you can be there for your business, even when you can’t work. If your business depends on your ability to generate income to help pay the bills, your absence due to a long or short-term disability would impact the bottom line. That’s why we provide business overhead expense insurance. It’s designed to help businesses with owners or partners who actively generate income (such as physicians, lawyers, accountants and engineers) pay ongoing fixed expenses like salaries, rent, property taxes and utilities in the event that a partner or owner becomes disabled and is unable to work.

Key Features and Benefits:

  • You may apply for coverage if you are between ages 18 and 60
  • The plan is enforce until you reach age 65. After age 65, it is conditionally renewable, as long as you remain employed full-time (minimum of 30 hours per week) and are responsible for the expenses of maintaining an office or business.
  • Benefits can be paid over a period of time of either 12 or 24 months
  • Benefits may start after as few as 15 days of disability
  • Premiums may be tax-deductible as a business expense
  • Various options are available, including the ability to increase your coverage at a later date
  • If appropriate, return to work assistance may be provided to support your transition back to work
Request Form
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*Last Name:
*Company Name:
Type of business:
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Additional Information:
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For more information about Business Overhead Expense Insurance please fill the Request Form and one of our representatives will contact you.

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Business Expenses
Janitorial / Maintenance
Property Taxes
Property Insurance
Furniture / Equipment / Vehicle Leases
Business loans or Depreciation
Postage or Courier
Accounting and Legal Services
Professional, Trade or Union Fees
Business Insurance
Business Taxes
Total Monthly Business Overhead Expenses
Total business income
Total business income generated by you
Your share of business overhead expenses


What is Business Overhead Expense (BOE) Insurance?

Business Overhead Expense Insurance is an expense reimbursement policy that covers the fixed monthly overhead expenses required to keep a business running until the return of the insured owner, after a period of disability. This allows business operations to continue until the insured owner either returns to work or makes a decision regarding the future of the business.

Why Should I Get Business Overhead Expense Insurance?

If you want to protect your business in the event of your extended disability, this benefit is for you. When used together with Personal Disability insurance, Business Overhead Expense benefits can let you recover, worry-free, while your business continues to run as smoothly as possible. This plan doesn’t just protect your business; it gives you peace of mind.

What type of business owner should have Business Overhead Expense Insurance?

Business Overhead Expense Insurance is designed for principals of closely held businesses or practices and owners of small businesses. It is most vital for businesses and practices in which the owner’s ability to generate income makes the difference between the office being open or closed for business—for example, Real-estate agent, physicians, lawyers, accountants, Mortgage broker and others.

What type of expense can be covered under Business Overhead Expense Insurance?

Business Overhead Insurance usually covers expenses, including wages and salaries, utilities, taxes, rent, accounting and legal fees, interest, office supplies, principal and interest on mortgages, malpractice and other insurance, and other operating expenses, up to the amount insured in the applicable policy. The owner’s income is usually not covered.

How long will the policy be in effect?

Business Overhead Expense policy can be maintained until the insured reaches age 65. After age 65, the policy is conditionally renewable while you are employed full-time (minimum of 30 hours per week) and responsible for the expenses of maintaining your office or business.