Business Overhead Expense (BOE)

One of the largest risks to a business is simply not having the cash flow to cover ongoing operational expenses. When an owner or a key person in a business suffers an illness or accident the financial impact to that company can be significant. IDU’s High Limit Business Overhead Expense (BOE) coverage equips companies with customized plan designs, unmatched limits and unique policy features.

Product Highlights

Aggregate Limits up to $50M and higher
Monthly issue limits of $250K+ per month
Policy Terms: 1 to 5 years
Benefit Periods: 12 to 36 months
Elimination Periods: 60 to 180 days
Own Occupation Definition of Disability
Waiver of Premium
Benefits structured as Monthly, Lump sum or Combination pay outs
Ability to place on Guaranteed Standard Issue (GSI) program on groups of 3 or more
Ability to layer on top of existing coverage or insure 100% of exposure
NO MEDICAL EXAMS REQUIRED!

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IDU Real Life Solution

Client Situation:

The three owners and business partners of Enamel Orthodontics have $150,000 per month of total overhead expenses they are jointly responsible for; if one of them were to become disabled the other partners would see at least a 50% increase in their portion of the monthly expenses. This liability could put the business under a great financial strain, but they are unable to secure disability coverage from a traditional carrier due to the size of their practice.

IDU Solution:

In order to solve for the exposure and protect business continuity, Enamel Orthodontics transferred their financial risk for each partner with by purchasing an IDU High Limit BOE policy.

$50,000 Monthly Benefit (per person)
$600,000 Total Benefit Aggregate
90-Day Elimination Period

IMPORTANT DISCLOSURE: This is not an exact description of coverage.

The benefits, limitations and/or exclusions described are for general illustration purposes only and may vary by state and client profile.