- Baker Birdwell knows that Business Owners have business obligations that must be paid whether or not they are working. Overhead Expense(OE) protection ensures the business owner has the money to pay these bills.
- This protection makes sure the disabled business owner either returns to work in a healthy business or if unable to return to work, has a healthy business to sell instead of a fire sale.
What are some of the typical expenses:
- Employee payroll (doesn’t include owner salaries)
- Rent
- Utilities
- Maintenance
Overhead Expense Policies reimburse the business for these types of expenses.
- Tax Implications: This is the only type of disability insurance where both the premium is deductible as a business expense, and the benefits are non-taxable because they are paying business expenses!
