Disability Business Overheads Insurance

Sleep easy with an InsuranceFit Disability Business Overhead Insurance quote, also known as Business Overhead Insurance or Business Expenses Insurance, Disability Business Overhead Insurance quotes are made easy and cost effective with Independent Disability Business Overhead Insurance Research Software. More >

Eligible and Ineligible Expenses

Find out which business expenses are eligible for Disability Business Overheads Insurance. More >

Case Study - Disability Business Overheads Insurance

Find out about the dilemma "Jack the Carpenter" faces without Disability Business Overheads Insurance More >

What types of people need Business Expense cover?

Disability Business Overheads Insurance is only available to self-employed individuals.

It is essential for small business owners to consider, and most suited to service businesses where the owner is the main income-generator, and temporary replacement of their role is not either available, hard to find, or not suited. The owner’s absence should therefore significantly impact on revenues.

The best examples of such roles are tradesman, accountants, architects, lawyers and barristers.

Medical professionals who run their own practices (doctors, dentists, chiropractors, etc) may also need Business Expenses Insurance. However, the possibility of employing a short-term locum to cover the cost of their employment – as well as some other fixed expenses. This may completely eliminate, or greatly reduce, the loss that may be suffered in the event of the insured’s disablement.

Other Considerations

Consideration of the following factors may help in forming a realistic view regarding Business Overhead Expenses Cover:
  • The number of other income-generating employees, and the proportion of revenue they normally generate.
  • The business’s ability to continue generating new work in the event of the owner’s disablement – e.g. is ongoing work generated by advertising, footfall (retail) or other established referral sources that may have little impact on the revenues in the 12 months post-disablement?
  • The business’s ability to service ongoing contracts or projects if the business owner cannot be there to supervise staff.
  • The possibility of the business partner or family members (if any) to stand in and ‘take up the slack’ while the disabled partner recovers.