Why Business Owners Need DI Insurance: Business Expense Power with Illinois Mutual
1. In most cases the premium is tax deductible*
2. The premium is affordable
3. The policy can prevent you from going out of business
4. Tax benefits are offset by a tax-deductible business expense*
5. Provides benefits for eligible business expenses not covered by an individual DI policy.
6. A partial disability benefit is included with the policy at no additional cost.
7. The policy can prevent a forced sale or "fire sale"
8. It provides a pure own occupation definition of disability.
9. A guaranteed conversion is built into the policy.
10. A guaranteed insurability option is available. Add this rider to provide additional coverage as your eligible business expenses increase.
Business owners usually think of insurance the location of a business and providing health insurance first. But what about the everyday expenses of running a business? Here are some examples of eligible expenses covered by a BE105 policy
1. Lease or rent payments
2. Salaries of employees
3. Utilities
4. Property and payroll taxes
5. Depreciation
6. Profession service fees
7. Office maintenance
8. Property and liability insurance
For more info contact one of our specialist today!
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