Unfortunately, the chance of a serious disability - the type that can prevent you from working for an extended length of time - occurs more often than you might guess. Two out of five people age 45 will be disabled 90 days or longer before retirement. The chances are too high to risk what you've worked so hard to build.

How will ongoing business expenses be paid if the next disability is yours?

If your ability to work was suddenly curtailed due to a disability from illness or injury, what revenue generating options are available to meet your continuing business overhead expenses?

Borrow?
Do you think a lender will take a chance on a business without one of its primary revenue generators? And what about repayment; how much strain would this place on earnings?

Creditor cooperation?
Limited-time arrangements could possibly be made, but eventually these obligations will all have to be paid. Also, consider the importance of keeping up with employee paychecks, mortgage or rental payments and utility bills.

Disability can leave you off the job and interrupt your business for a considerable length of time.

If your disability is serious enough to keep you from work for at least 90 days, it's quite possible you would be unable to work for considerably longer!

The best option if you're not there to pay the operating expenses is

Business Overhead Expense Disability Income Protection

Disability income protection, which may be renewable to age 65, is the right plan to secure the future of your business.

Disability income Protection can provide:

• Choice of Elimination Periods
  Select the monthly benefit amount that matches your monthly expenses. Maximums apply according to your occupation classification.
• Choice of Monthly Benefit
  Select the monthly benefit from a minimum of $5000 to a maximum of $10,000 depending on the occupation classification.
• Choice of Benefit Periods
  Select the benefit period to fit your business needs - - 12 months or 24 months.
• Accumulating Benefit
  If your business's monthly covered expenses are more than the monthly benefit, the excess expenses may be carried forward and paid in a later month.
• Waiver of Premium
  Your policy premiums are waived following 90 days of total disability.
  
  Covered Overhead Expenses
  
  Expenses paid by your Disability Income Protection policy are the usual, customary business expenses, generally accepted as tax deductible
  
  Examples include:
• employee's salaries, wages and benefits
• utilities (electricity, telephone, gas and water)
• furniture and equipment
• laundry, janitorial and office maintenance services
• business insurance premiums, including property and liability insurance
• accounting, billing and collection service fees
• property and payroll taxes
• interest payments on debts
• other fixed expenses.
• Rehabilitation Benefit
  If you are totally disabled, this plan can help pay the cost of a rehabilitation program.