If you suffer a disability, is your business protected?  Your most valuable asset is your ability to perform your specialty, and that is why you buy disability insurance.  However, if you own your own practice or you are responsible for at least a portion of the expenses associated with your practice, then you need a policy that will pay the bills until you are back to work.  

You have disability insurance to protect your personal income.  But where will the money come from to pay your staff, rent, mortgage, utilities, and who's going to be in charge of caring for your patients while you are taking care of your health?  

That's where Business Overhead Disability Insurance comes in.  Business Overhead coverage is designed whit short waiting periods and can be used to pay for all the expenses associated with running your practice, such as:

  • Health Insurance Premiums

  • Staff Expenses

  • Rents & Mortgages

  •  Medical Supplies

  • The costs associated with having to hire another physician to see your patients

The costs associated with running your business every month can be expensive.  A 12-month disability might not mean the end of you, but it could mean the end of your practice.  

Business Overhead Insurance is relatively inexpensive, and if you purchase it from the right carriers it could also be considered to be Own Occupation Coverage.  This means you could remain involved in your practice while collecting your benefit.  The premiums are Tax-Deductible to your business. 

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