Business overhead is another type of disability income insurance that’s incredibly popular. This plan type is designed for those who own their own business. For instance, if a business owner becomes disabled, then they can ensure their company continues to run smoothly without them. Many business owners get both a business overhead plan and a personal disability income plan. This way they get the money necessary to keep their business running, as well as income help while disabled.
Business overhead expenses typically have a maximum coverage period of two years. Once disabled, the plan will start paying for standard business expenses, such as the lease/rent, employee payroll, utilities, etc. Simply put, it keeps the business up and running. So while a personal disability plan can see to your own income, business overhead sees to the livelihood of your employees. Therefore, business overhead disability insurance is something all business owners should consider.
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