Disability Insurance and Overhead Expense Insurance

If your business relies on key employees to keep operations going, you may want to consider purchasing Overhead Expense Insurance for your company and Disability Insurance for your employees.

Overhead Expense Insurance is a policy that is built for small and medium businesses whose ability to earn money comes from personal service. If you own a boutique advertising company, intimate retail store, or some other business that depends on you or a handful of key employees to run, this type of policy will provide income replacement to the business while you recover from injury of illness. This policy also helps to maintain the value of your business, in case your disabling injury or illness forces you to sell.

A related policy is Disability Buy-Out (DBO) Insurance. If your business is a partnership and one of the partners falls ill, becomes injured, or is otherwise unable to continue working as a partner in the company, this policy will allow the business to continue without having to use company money, acquire loans, or sell shares of the business to pay for the disabled partner’s share of the business.

As a business owner, you want to have the best employees available. One method of accomplishing that is to differentiate your company by offering benefits above and beyond traditional benefit packages. A great way to attract and retain great employees is by providing Disability Insurance, which offers income assurance to someone who is unable to work due to injury or illness. Individuals working in high risk occupations, such as carpenters, farmers, furniture movers, and emergency services are some of the most likely people to benefit, but least likely to purchase disability insurance policies. Unlike Worker’s Compensation Insurance, Disability Insurance protects individuals who are injured or become sick due to circumstance unrelated to their job.

If your business depends on a small number of key employees or you are just looking to gain a competitive advantage over your competition by offering a better benefits package, give us a call or shoot us an email and we can discuss your company’s needs to figure out a policy plan that works for you. If you are interested in more of our commercial insurance offerings, visit our Commercial Umbrella Insurance or Business Owner’s Policy (BOP) pages.

Denver Office                                                             Castle Rock Office
1735 E. 17th Ave. #3                                                     513 Wilcox St. #200
Denver, CO 80218                                                        Castle Rock, CO 80104
303–388-7216                                                Phone: 303–688-1251
Email:               Email:


Life Insurance: Do It Now, So They Don’t Have To Later

The death of a loved one is something that many families avoid talking about because it is scary, rude, or just something that you don’t think about. We’re telling you that now is the time to break the silence and start discussing your wishes and making plans in the case of your death. The days and weeks after a loved one’s passing should be a time of grieving, celebration of life, and healing. It shouldn’t be a time to stress over finances and funeral arrangements.

It is important to protect your loved ones from suffering a financial crisis, in addition to the grief of losing a member of their family. Preparing for the worst begins at writing a will, but there are additional ways to unburden your beneficiaries. Purchasing cemetery plots and pre-paying for funeral costs during your life, allows you to make the arrangements the way that you would like them without being rushed or pressured into overpaying.

According to multiple studies, people who are sad or emotionally upset are more willing to overpay for products and services.

Another way that you can take care of your family after your passing is to purchase a quality life insurance policy. Many life insurance policies can completely cover funeral expenses, estate taxes, loss of income, and other inherited debts that may become your family’s responsibility. At Insurance Town and Country, we understand that choosing a life insurance policy is a huge decision and our insurance experts have years of experience helping to keep families like yours protected from the aftermath of tragedy.

Please call us at 303–388-7216 if you have any questions about life insurance or related policies. We also encourage you to view our Life Insurance information to know what policies are available to you. This information includes: