Business Overhead Expense

Are you a for freelancers or business owners with a few employees? One of the biggest threats that can happen to your business is to face unpredictable accident and disability that may affect your business in general.

In most cases, risks of long-term disability are not something that you will know in the past, but you have to find ways to protect your business so that you can reach the perfect solution that may help you along the way.

key employee insurance

According to statistics, one in five Canadians will experience long-term disability issues during the working years, which means that general protection is mandatory especially if you wish to protect yourself and business that you own. In case that your business depends on your ability to handle everything such as generating income and paying the bills, the idea is that your disability will cause it to bankrupt.

Therefore, it is important to find ways to maintain your business while you are away and face all the financial challenges that are happening. You should consider how your absence will affect your business and whether you are prepared for challenges that will occur.

What Should You Do? The best thing that you can do is to choose Business Overhead Expanse Disability Insurance, which will provide you protection against any issue that may happen.

Remember that this particular type of coverage is specifically designed to hold your practices and business when it comes to medium and small size businesses. It is important for most companies, in which owner is the key figure and person that generates income that creates a difference, to have ways to function when that person gets into an accident or suffer health disability due to some chronic condition.

Therefore, business overhead expanse insurance is the reimbursement policy that will help you cover all your monthly expenses so that you can maintain your business until you return to work, or when the owner gets better and treats a specific disability. That will allow your business to continue with the operation, and you will be able to return to work so that you can determine whether it is vital to continue or not.

These overhead expenses you will be able to cover by choosing Business Overhead Expanse Disability policy:

– Salaries of employees
– Interest payments on eligible business debts
– Rent
– Non-attorney employees’ payroll taxes and salaries
– Utilities such as heat, water, electricity, telephone and many more
– Equipment maintenance
– Postage and stationery
– Monthly average of taxes on the premises
– Depreciation, lease or rental of office equipment
– Accounting fees
– Insurance premiums for workers based on specific coverage’s and medical plans
-Professional subscription and membership dues

By choosing Business Overhead Expanse insurance coverage, you will be able to write off premiums as the part of business expanse. Of course, you will have to make payments that will include taxable income as well. They will use the payments to handle business expenses and they are tax-deductible, which is something you should know.

We think that you should always have the ability to recover without thinking whether your business will fall apart along the way. The financial stability of the business is vital, and by using this coverage’s you will protect yourself, your business as well as the future of income that you will get. We are completely specialized and experienced in Disability Insurance, which will allow us to provide you the best possible policy based on your specific requirements and needs. Every single policy depends on numerous factors, which is why we will create a unique one that will accommodate your problems and help you deal with situations that are around you.