Business Overhead Insurance

If you are an entrepreneur that is the driving force behind your enterprise, you should definitely carry business overhead insurance. Sherman Oaks, Encino, North Hollywood, Northridge, and Van Nuys residents can rely on us for top-quality coverage at rock-bottom prices. In addition to these communities in the San Fernando Valley, we also provide business overhead insurance for Glendale and Pasadena businesspeople.

If you are an entrepreneur that is the driving force behind your enterprise, you should definitely carry business overhead insurance. Sherman Oaks, Encino, North Hollywood, Northridge, and Van Nuys residents can rely on us for top-quality coverage at rock-bottom prices. In addition to these communities in the San Fernando Valley, we also provide business overhead insurance for Glendale and Pasadena businesspeople.

The solution is business overhead insurance, a form of coverage that is intended to take care of operational costs while you are recovering. A policy of this nature will typically cover your payroll, rent and utilities, your taxes, any accounting or legal fees that you may incur, business insurance premiums, and supplies.

When it comes the duration, the business overhead insurance Pasadena area clients can obtain from us will typically provide up to one or two years of coverage. There is however a waiting period between the time that the application is submitted for benefits and the initiation of the payments. This interim is called the “elimination period” in insurance parlance. The exact length of this elimination period will depend upon the policy details, but it is ordinarily somewhere between 30 and 90 days.

Business Overhead Expense Disability Insurance

BOE Disability Insurance from Legacy Partners

Also known as Business Expense Insurance, this policy pays the insured’s business overhead expenses if he or she becomes disabled. A BOE policy pays out a monthly benefit based on actual expenses, not the foreseeable profits. Typically, this policy is designed for businesses that rely on a small number of people (or even one person) to generate revenue. Benefits periods usually do not exceed two years, and have short elimination periods of either 30,60, or 90 days. BOE rates are based on the insured’s age at time of purchasing the policy, occupati0onal responsibilities, health status, optional riders, benefit period, and elimination period. Once a policy is owned, coverage cannot be increased without providing proof of medical insurability, unless a future increase option is acquired at time of issue. Contact Legacy partners today to find out how we can tailor a BOE policy for you and your business.

Business Overhead Expenses commonly covered by a BOE Disability policy:

  • Rent
  • Interest payments on outstanding eligible business debts
  • Utilities (heat, water, telephone, electricity, etc.)
  • Non-attorney employees’ salaries and payroll taxes
  • Postage and stationery
  • Equipment maintenance
  • Rental, lease, or depreciation of office equipment
  • Monthly average of taxes on the premises
  • Insurance premiums for Workers’ Compensation, Employee Medical Plans, Employee Taxes, General Liability, Professional Liability/Malpractice
  • Accounting fees
  • Professional memberships and/or subscription dues

Cost Comparisons

We have the ability to obtain business overhead insurance at the lowest possible price point because we are not a captive agency that is beholden to just one insurance company. Over the years that we have been serving our clients in Southern California, we have established relationships with a number of highly respected insurers.

All of these different companies provide us with quotes after we enter your information into our system. At the end of the day, you can purchase your insurance from the company that is offering the best value for your insurance dollar.

Contact Legacy Partners Today!

If you would like to learn more about the business overhead insurance Glendale, CA area residents can obtain through our agency, call us right now at 855-966-6884.