DI for business owners

Disability income insurance for business owners

As a business owner, your financial obligations extend beyond your household expenses and they’re just as vulnerable if you’re sidelined from work. You don’t want to be in a position to have to use your personal disability income insurance (DI) benefits to keep your business doors open.

In the wake of disability, our business product can help business owners cover their overhead, allowing them to continue operating. 

What is disability income insurance?

DI provides you with replacement income in the event you are unable to work due to an illness or injury that’s covered by your policy.

Disability can mean double jeopardy for business owners. It doesn’t have to.

As a self-employed professional or owner of a small business, the threat of disability may present you with financial problems on two fronts. How would you help replace your income for both personal and business expenses?

Business Overhead Expense (BOE) coverage is designed to help reimburse owners of small businesses (e.g., sole proprietorship, partnerships, closely held corporations) – not operated from the home – for normal and customary expenses necessary to maintain the business upon disability of an owner(s).

DI insurance for business owners can help you:

Avoid dipping into your personal income twice

Our business product is geared toward helping protect your business income so you can avoid using your personal DI benefits

Keep the lights on

Business overhead expense (BOE) insurance helps you replace your business income and keep the doors open

Disability income insurance policies issued by Ohio National Life Assurance Corporation. Product, product features and rider availability vary by state. Guarantees are based upon the claims-paying ability of the issuer. Disability income insurance is not available in CA. Issuers not licensed to conduct business in NY.

Disability income insurance policies contain exclusions, limitations, reduction of benefits and terms under which the policy may be continued in force or discontinued. For complete details of coverage, contact your financial professional or the company.