Disability Business Overhead Expense (Boe) Insurance Worksheet

DISABILITY BUSINESS OVERHEAD EXPENSE (BOE) INSURANCE WORKSHEET

WHAT DOES IT TAKE TO KEEP YOUR FACILITIES INSURANCE PREMIUMS DOORS OPEN EACH MONTH? Rent $ Liability $ Utilities $ Casualty $ As a business owner you have spreadsheets, Telephone/Internet $ Malpractice $ balance sheets, profit and loss statements, tax Computers/Support $ Auto $ filings – a multitude of documents that will Leased equipment $ Workers’ comp $ tell you how much money it takes to keep your Office supplies $ SUBTOTAL $ business operating. The expenses on those Business auto $ financial statements wouldn’t stop if you became SUBTOTAL $ disabled and the business’s income was reduced EMPLOYEE EXPENSES Salaries* $ or stopped altogether. Any good business plan ACCOUNTING includes managing the risk of potential threats. Benefits $ Business loan $ SUBTOTAL $ Bank charges $ To ensure your business continued to operate in Depreciation $ that scenario, what ongoing expense obligations Billing/Collection $ SERVICES would you have even if your disability prevented Taxes $ Maintenance/Repairs $ you from contributing to the organization? Take a SUBTOTAL $ Cleaning $ few minutes to do the math. Laundry $ Security $ PROFESSIONAL FEES Landscaping $ Accounting $ SUBTOTAL $ Legal $ Billing $ Marketing $ OTHER(S) Dues $ $ Licenses $ $ SUBTOTAL $ SUBTOTAL $

A BOE disability insurance policy would reimburse you, the business owner, for these overhead expenses incurred if you became disabled. And BOE premiums are generally tax TOTAL $ deductible as a business expense. *minus owner salary

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