Business Overhead Insurance

If you can’t work, can your business Take care of itself?

If you’re recovering from an illness or accident, chances are you’ll be taking substantial time away from work. If you do, who will cover your financial obligations to your employees, utility companies, professional organizations and more? Ongoing professional expenses like these never take a break, and can drain your reserves in a hurry.

Even if you have Disability Insurance to protect you and your family by covering your personal living expenses, Business Overhead Expense Coverage helps reimburse many of the expenses that come with running your business – keeping your business operating smoothly during your absence.

Business overhead works much like a personal disability policy. The only difference is that the insurance company pays the claim as reimbursement of eligible business expenses, up to the maximum amount for your policy so that:

If your expenses are lower than your monthly coverage, the difference can be applied to future months where your expenses may be higher;
There is a maximum benefit period of 2 years, assuming you will dissolve your business should you be unable to return to work after 2 years of disability;
Premiums are a tax deductible business expense;
Partial and residual disabilities are covered under many contracts.

Keeping your business fully functional – even while you’re not – is one of your key priorities as a business owner. With Business Overhead Coverage, your business can rely on dependable protection, just as you can rely on Rorac to answer your needs, at every stage of your career