Work hard Play hard! - with Peace of Mind

But how would a sudden injury or illness impact your business? You can protect yourself with Business Overhead Expense (BOE) Insurance!

BOE Insurance is designed for self employed business owners who generate all their firm’s sales and revenues, and who are involved in the day-to-day operations of the business. Business overhead expense insurance (BOE) covers your business’ fixed expenses if you’re away for an extended period of time due to disability.

How Does Business Overhead Expense Insurance Work?

BOE insurance is available in units of $100 and business owners may purchase between $500 and $2,000 of monthly coverage. In the event of your illness or injury, benefits would be payable starting on the 31st day of an illness or injury and can continue for up to 18 months.

What Can the Money Be Used For?

Business overhead expense insurance benefits can be used on eligible business expenses such as:

  • Mortgage or rent
  • Utilities
  • Phones
  • Taxes and licenses
  • Equipment costs
  • Corporate car leases
  • Professional services (e.g., bookkeeping)
  • Salaries for personnel who do not
    generate revenue and whose duties are vital for business operations

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 Long Term Disability insurance, business overhead expense benefits can let you recover,  worry-free, while your business continues to run as smoothly as possible.

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