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Business Disability and Overhead Expense Insurance

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Keep the Lights On When You Cannot Work

Cash Flow when Revenue Pauses

If an owner or producer is disabled, bills keep coming. Business overhead expense insurance reimburses rent, payroll for non-owners, utilities, insurance premiums, and loan payments while you recover. It buys time for medical treatment and decisions about staffing or sale. Granen Insurance helps clinics, firms, and small companies across Louisiana match benefit amounts to real monthly expenses.

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What These Policies Cover

Typical policies pay eligible overhead for 12 to 24 months after a short waiting period. Many include options to hire a temporary replacement so operations continue. Pair BOE with your personal long-term disability for income replacement at home, and consider key person insurance if the disability of a partner would also threaten revenue.

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Disability Buy-Out For Co-Owners

If a partner cannot return to work, disability buy-out coverage provides a lump sum to purchase their ownership interest under your buy-sell agreement. This avoids draining working capital or taking on debt at a difficult time. We align coverage with valuation methods and update amounts as your company grows.

FAQ – Business Disability

Clarity for Owners and Partners

  • How much coverage can I buy?

    Carriers usually allow a monthly benefit that matches documented overhead, up to stated caps.

  • Are premiums deductible?

    BOE premiums are often deductible to the business, and benefits are taxable, but used to pay deductible expenses. Confirm with your tax advisor.

  • How does this differ from personal disability?

    Personal disability replaces your income. BOE keeps the business paying its bills. Most owners need both.

  • What waiting period should I choose?

    Common choices are 30, 60, or 90 days. Align it with your cash reserves and any short-term disability benefits.

Keep Operations Running Smoothly

Protect Your Business Income During Illness or Injury

This policy covers essential expenses like rent, payroll, and utilities when a business owner is unable to work—so the business stays afloat.