The business overhead expense (BOE) disability coverage will protect your business in the event you suffer from a prolonged illness or injury. Knowing the business you’ve built — that relies on your guidance and expertise each day — will survive intact while you recover is a great relief.
Don’t waste all those years of building relationships with your best people and clients.
A BOE policy typically covers:
- Interest payments on outstanding eligible business debts
- Utilities (heat, water, telephone, electricity, etc.)
- Non-attorney employees’ salaries and payroll taxes
- Postage and stationery
- Equipment maintenance
- Rental, lease, or depreciation of office equipment
- Monthly average of taxes on the premises
- Insurance premiums for Workers’ Compensation, Employee Medical Plans, Employee Taxes, General Liability, Professional Liability/Malpractice
- Accounting fees
- Professional memberships and/or subscription dues.
These are paid monthly and based on actual expenses. If your business relies on one or a few people for its revenue, this is a key financial defense to have in place