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:


Worker’s Compensation Insurance: Safeguarding Your Employees

Human Resources are a company’s most important resource. That’s why worker’s compensation insurance is an important part of any business, especially those whose employees conduct physical labor as a part of their job. When choosing a worker’s compensation plan, there are several dimensions to consider.

How many employees do you have?
How much are they paid?
What is the likelihood of an incident?
Have you had prior incidents?
And many more…

Let us at Insurance Town and Country do the hard work for you. We’ll analyze your business and provide you options that will suit your company’s size. Give us a call at 303–388-7216 or request a free quote online and breathe easier knowing that your company, employees, and their families are protected from unforeseeable incidents.