[bugs]

Self-employed, looking for one or the other. Need company's that would carry this insurance.

[sanvister]

If you own a business and become unable to work, your income will stop but many of your expenses will continue. Business overhead insurance provide money to pay those expenses until you recover and either get back to work or make plans to sell the business. If a key person is out of action because of disability and the company has that person insured with a "key person disability" insurance policy, the company will get the disability income checks.

[michael36]

Hi,

The solution is a general business expense ("BOE") disability policy. This covers the cost of running the practice and ensures that you do not have to use personal assets to pay business expenses if you become disabled. You pay a monthly benefit for the practice afloat so you can recover.

The following are some of the business overheads are covered by insurance BOE:

Rent or mortgage
Salaries and employee benefits
Utility bills
Property Taxes
Administrative expenses, legal fees and professional fees
Malpractice insurance premiums and other business
Maintenance and Cleaning Services
Depreciation
Interest on business debts
Office supplies
Other fixed costs that are ordinary, necessary, and tax deductible