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<\/figure>\n<\/figure>\n\n\n\nThis allows business operations to continue until the insured owner either returns to work or makes a decision regarding the future of the business. <\/p>\n\n\n\n
Business overhead expense insurance is designed for self-employed professionals and small business owners typically with less than five employees where the enterprise depends on the ability of the owner(s) to generate income and pay the bills. <\/p>\n\n\n\n
It is most vital for businesses and practices in which the owner’s ability to generate income makes the difference between the office being open or closed for business\u2014for example; physicians, lawyers, accountants, engineers, and others.<\/p>\n\n\n\n
If a small business owner or a co-owner becomes disabled and unable to generate income, business overhead expense insurance can help:<\/p>\n\n\n\n
<\/p>\n\n\n\n
Cover Fixed Expenses: cover ongoing fixed expenses such as rent, property taxes <\/p>\n\n\n\n Running Your Business: Pay salaries to retain valuable employees and keep your business running. <\/em><\/p>\n\n\n\n Plan Summary & Features;<\/p>\n\n\n\n Ages 18-60 eligible to apply<\/p>\n\n\n\n Non-cancellable until age 65 (conditionally renewable after age 65)<\/p>\n\n\n\n Benefit payments are available for 15 or 24 months<\/p>\n\n\n\n Benefits can start after only 15 days of disability<\/p>\n\n\n\n Premiums may be tax-deductible as a business expense<\/p>\n\n\n\n You can increase your coverage at a later date<\/p>\n\n\n\n Return to work assistance is available<\/p>\n\n\n\n <\/p>\n\n\n\n <\/p>\n","protected":false},"excerpt":{"rendered":" Protection is key to running a successful business; business continuation plan is to be reviewed on a regular basis to ensure that the business or owner(s) when faced with illness and\/or injury, have a steady flow of income to help keep the business running whiles owner(s) recuperates. This allows business operations to continue until the […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"content-type":"","footnotes":""},"categories":[38,36,34],"tags":[],"class_list":["post-3984","post","type-post","status-publish","format-standard","hentry","category-financial-planning","category-insurance_planning","category-retirement_planning"],"_links":{"self":[{"href":"https:\/\/financial-advisory.ca\/index.php\/wp-json\/wp\/v2\/posts\/3984","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/financial-advisory.ca\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/financial-advisory.ca\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/financial-advisory.ca\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/financial-advisory.ca\/index.php\/wp-json\/wp\/v2\/comments?post=3984"}],"version-history":[{"count":12,"href":"https:\/\/financial-advisory.ca\/index.php\/wp-json\/wp\/v2\/posts\/3984\/revisions"}],"predecessor-version":[{"id":4282,"href":"https:\/\/financial-advisory.ca\/index.php\/wp-json\/wp\/v2\/posts\/3984\/revisions\/4282"}],"wp:attachment":[{"href":"https:\/\/financial-advisory.ca\/index.php\/wp-json\/wp\/v2\/media?parent=3984"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/financial-advisory.ca\/index.php\/wp-json\/wp\/v2\/categories?post=3984"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/financial-advisory.ca\/index.php\/wp-json\/wp\/v2\/tags?post=3984"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}