BUSINESS OVERHEAD DISABILITY INSURANCE
Business Overhead Disability Insurance contracts protect you by paying the business expenses of your practice when you are not able to earn income due to your disability. Examples of the expenses a business overhead policy would pay are: lease payments, utilities, employee salaries and malpractice insurance.
These contracts also protect your partners so that if you are disabled, they do not have to pick up your share of the expenses.
Without Business Overhead coverage, you may not have a business to come back to if you were out for 6, 9, 12 months or even longer. Will your landlord let you out of the lease? Is it easier to find and train good employees or just to retain them? It is important to consider these issues and determine if a Business Overhead contract is right for you and your practice.