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Disability Insurance vs. Office Overhead: Can your Small Business Handle a Crisis?

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The objective of office overhead insurance is to preserve the viability of your small business in the event of disability.

Office overhead insurance is primarily for self-employed individuals and small business owners, whose businesses depend on their ability to work to survive.

With this protection, the expenses necessary for the operation of your business such as:

  • electricity,
  • taxes,
  • employees' salaries,
  • professional fees,
  • commercial insurance premiums,

will all be honored.

Your company will continue to operate as normal and you will not have to worry about losing qualified personnel due to non-payment or customers due to unpaid contracts.
This means that you don't have to touch your savings or your disability insurance benefit. In addition, the premiums for this policy are deductible as a business expense.

Overhead overhead insurance is an important, if not essential, way to protect your company. It relieves the member of some of their financial obligations and allows them to focus on their recovery.

The Difference Between Disability Insurance and Office Overhead Insurance

Disability Insurance

Is intended to provide you with a personal income to cover your daily living expenses and those of your family.

Office Overhead Insurance

Allows you to maintain the activity of your company in case of disability due to an accident or illness. 

Note that this insurance does not affect the amount of disability benefits, but rather is an ideal complement.

For more information on office overhead insurance, contact one of Lussier's experts today. He or she will be happy to guide you toward solutions that are adapted to your financial situation, based on your needs.