Business Overhead Expense Insurance

Auto Insurance Homeowners Insurance Motorcycle Insurance Life, Business, Health Insurance & More...

INSURANCE

Auto
Motorcycles
Recreation (Boats)
Home Owners
Life
Health
Business

Other Services
Defensive Driving Class
Auto Warranty Program

Click here

Get a Quote | Claims | FAQ's | Contact Us | Home

Health Coverage
- Individual Disability
- Business Overhead Expense
- Disability Buy-out Insurance
- Key Man Disability Income

Business Overhead Expense

Business Overhead Expenses can be a heavy burden for the Disabled Business Owner; coming as they do at a time of Disability, with regular living expenses continuing, business expenses continuing, and business income frequently severely interrupted.

Business Overhead Expense Insurance is not a substitute for Personal Disability Income Insurance.

Business Overhead Expense Insurance is needed in addition to Personal Disability Income Insurance so that your Personal Disability Income Insurance is available to pay for other ongoing obligations. A Business Overhead Expense Insurance policy will, after the Elimination Period selected, pay the Monthly Benefit purchased for up to 12, 18, or 24 Months.

Unlike Personal Disability Income, Business Overhead Expense policies pay benefits only when Two Conditions are present:
- Total Disability due to Injury or Sickness must be present.
- Covered Overhead Expenses must be incurred during the Disability. Some of the Eligible Covered Expenses that Qualify for Reimbursement include:
- Accounting and Legal Expenses
- Association Dues
- Automobile Expenses
- Employee Benefits
- Employee Salaries (but not your salary)
- Equipment Depreciation
- Equipment lease payments
- Insurance Premiums
- Laundry
- Loan and Mortgage Interest
- Rent
- Taxes
- Utilities Ineligible Expenses include:
- Your Salary
- Salaries of any other members of your Profession or Occupation
- Repayment of Loan or Mortgage Principal Tax Deductible

Business Overhead Expense premiums are considered to be a business expense and are fully Tax-Deductible.

Features to Consider with Business Overhead Expense Insurance
- Accumulating Benefit provision
- Conversion Privilege
- Guaranteed Insurability (right to increase benefits)
- Presumptive Total Disability provision
- Suspension during military service
- Transplant and Cosmetic Surgery provisions
- Waiver of Premium

Click here to get a FREE Business Overhead Expense quote.

Health Coverage
- Individual Disability
- Business Overhead Expense
- Disability Buy-out Insurance
- Key Man Disability Income

Call Now! 631 - 289 - 2777

Quick Id Cards

Package Discounts

Tickets, Accidents OK

Cancelations Replaced

Saftey Tip
Schools Open Stay Aware Watch For Crossing Guards

Save 10% on your Auto Insurance
Sign up for our defensive driving course and save up to 10% on your Auto Insurance

Call us today for Class Schedules

Got Canceled?
Get the green light on all your insurance needs! Call 631-289-2777

Sunrise Agency 2285 Route 112 Medford, NY 11763 Phone 631-289-2777