Disability Overhead Expense Protection for Others

Disability Overhead Expense ProtectionDisability Overhead Expense Protection helps pay your overhead expenses if you are disabled and unable to work in your occupation.  If disability strikes, your income stream can slow down, and even stop, while many expenses continue.  This policy pays the actual overhead expenses of your practice or business, up to the monthly benefit that you select.  The real benefit to you: your staff, office and practice can still be there when you can resume your duties.  

An additional benefit is that the premiums for this policy are generally tax-deductible as a business expense.  If you are responsible for a portion of the overhead expenses (e.g., you have partners with whom you share expenses), you purchase the amount of protection needed to cover your share of the expenses.  Many of our customers have told us that this coverage is becoming more important as more expensive technologies are required to do business, increasing overhead costs.

expenseWhat Expenses Can Be Covered?

  • Rent or Mortgage Payments
  • Employees’ Salaries and Benefits (excluding those of insured and members of insured’s profession)
  • Office Insurance (including malpractice,workers’ compensation, property & liabilitypremiums)
  • Electricity, Heat, Water
  • Interest on Outstanding Loans
  • Licenses
  • Practice-related accounting and legal fees
  • Other fixed office expenses

You may wonder whether you need Disability Overhead Expense if you already have Disability Income protection.   Your Disability Income protection is meant to replace your income and is for living expenses for you and your family.  Disability Overhead Expense Protection complements your individual coverage, so that you don’t have to dip into the coverage you obtained for your personal and family expenses to pay your staff’s salaries or your share of the office rent and other office expenses.


(Information provided is a summary only. For complete terms and limitations, please refer to the
applicable Certificate or Policy of Insurance. Specimen copies available upon request.)