Business Expense Protection

In small business, the loss of the business owner due to disability, who may also be functioning as the key salesperson, the key engineer, or the certified professional, if unable to function for an extended period of time, will ultimately lead to lost business revenue.

Individual or group disability insurance coverage will protect the owner’s income. However, expenses such as leases, business loan payments, employee salaries, utilities and property taxes will continue. Having Business Overhead Expense insurance coverage will cover these and other monthly business expenses while you recover.

Without this coverage, the ability of a small business to sustain itself will not only be jeopardized by the lost revenue but also by the ongoing business expenses that will continue to be incurred if the business is to survive.

Transitions Wealth Strategies will work with you to determine whether Business Overhead Expense Insurance coverage is warranted for your business situation.

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