Our Business Overhead Expense Program
The continued success and wellness of a private business is contingent on the maintenance of day to day expenses. When basic overhead costs are disrupted by a business owner's disability it is rare that the business can survive. IDU's Business Overhead Expense Disability Product equips these businesses with the ability to pay monthly expenses while the Disabled owner recovers or in the unfortunate case where the company must be liquidized, and closure related costs are incurred.
Key Features
- Policy Terms up to 5 years
- Benefits structured as either monthly or combination of monthly + lump sum
- Own Occupation Definition of Disability
- Insured is unable to perform the substantial & material duties of their occupation
- Elimination Periods: 30 to 365 days
- Monthly Benefit Periods: 12 to 36 months
- Flexible Premium Payment Options
- Waiver of Premium
- Presumptive Disability Benefits
- Coverage Designed to Reimburse Incurred Expenses
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