Business Overhead Insurance
When disability occurs, as business owners not only will you have to cover your own personal living expenses, but you will also be responsible for the continuing expenses of your business. Having to pay for your business expenses from your personal disability benefit could potentially erode your standard of living. The solution is business overhead insurance.
Business overhead insurance will keep your business afloat while you recover from your disability. It works much like disability insurance except the insurance company pays on a reimbursement basis. Upon disability, eligible monthly expenses are submitted to the insurance company and they reimburse the expenses, up to the monthly maximum.