| Disability Insurance can help an individual or business get through some very difficult times, when one partner becomes disabled. It should be included in all partnership agreements to ensure the business can continue in the absence of a partner.
For principals of closely held businesses or practices, as well as owners of small businesses, we highly recommend a Business Overhead Expense policy. This is an expense reimbursement policy that covers the fixed monthly expenses to maintain the viability of a business, should the owner suffer a disability and thus be unable to run the business. The fact that premiums are tax-deductible as a business expense makes this policy a key component of any business owner’s financial security plan. It ensures that your business can continue, even if a disability occurs. |
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