You—and perhaps your co-owners—make a significant contribution to the business. In fact, it's so significant that if you were disabled for any length of time, your absence would impact the bottom line.
That's why RBC Insurance® provides Disability Overhead Expense Insurance. For help in structuring the right policy for you and your partners or co-owners, contact us today.
Details of Business Overhead Expense Insurance:
Your plan is non-cancelable until you reach age 65. It is conditionally renewable after age 65, as long as you remain employed full time (minimum of 30 hours per week) and responsible for the expenses of maintaining an office or business.
Benefits range to suit your needs.
When you purchase the policy, you decide whether your benefits will be paid over a period of time of either 15 or 24 months, enabling you to cover fixed business expenses such as payroll, property taxes, rent and utilities.
Benefits may start after as few as 15 days of disability, allowing your business to remain a going concern until you are able to return to work.
Coverage may be purchased from ages 18 to 60.
Premiums may be tax deductible.
Various options are available, including the option to increase your coverage at a later date.
If appropriate, RBC Insurance may provide Return to Work assistance.
Choose the insurance that best suits your business
Talk to your advisor or contact us today and let us help you structure the Disability Overhead Expense Insurance plan you need to protect your business.
