Overhead Expense

Overhead Expense Insurance reimburses monthly business expenses in the event of an owner or key person’s disability. Overhead Expense is a transitional type of coverage, which begins with a waiting period, then generally lasts for 12-24 months while the individual recuperates, returns or is replaced.

The following fixed expenses are typically reimbursed:

• Payroll
• Accounting and legal fees and services
• Rent or mortgage payments
• Lease of equipment
• Property and unemployment taxes
• Liability insurance
• Utilities
• Professional fees, dues, memberships or subscriptions
• Other fixed expenses normally incurred