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Frequently Asked Questions
Can I have this coverage if I already have personal disability insurance?
In many cases, yes. They're usually designed to cover different needs: one for personal income and another for business operating expenses. It depends on the plan, eligibility, and underwriting rules.
For how long does it pay benefits?
It depends on the contract. Plans usually have a maximum benefit period and monthly limits. During the consultation, options are reviewed based on your type of practice and expense structure.
Your business doesn't stop even if you do. Book your consultation and receive a proposal to keep your operation running smoothly.
Help your practice or business cover fixed expenses if you are temporarily unable to work. Operational Expense Coverage is designed to help cover certain eligible fixed business expenses when a medical condition prevents you from working. Its purpose is to provide financial support, as per the contract, to support business continuity while you recover. Schedule an informational consultation (no cost/no obligation to purchase).
**Educational information. Benefits subject to eligibility, disability definitions, elimination period, limits, exclusions, and insurer approval. Payments subject to documentation and claims process.**
Who is it for?
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Professionals who own their own private practices (clinics, offices, firms, consultancies).
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Medical, legal, or accounting offices, or businesses where the owner is an essential part of the operation.
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Family businesses that rely heavily on the owner for billing, oversight, or service.
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Business owners who want to separate personal income protection from business expense protection.
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Business Overhead
How does it works?
If the owner/insured experiences a condition that meets the contract's definition of disability, a claim is submitted with medical documentation and evidence of business expenses. After the elimination period is met and the claim is approved, the plan may reimburse or pay a monthly benefit to cover certain eligible operating expenses, subject to the contract's limits, exclusions, and rules.
Key Benefits
It may help cover eligible fixed business expenses during a covered disability, depending on the policy.
It can supplement a personal disability insurance policy (one focused on personal income and another on operational expenses), depending on eligibility.
Monthly benefit for a limited period according to the plan and its conditions.
It includes a disposal period (waiting time) that varies by product.
You may consider expenses such as rent/lease, utilities, essential payroll, administrative services or technology, as long as they are considered eligible expenses under the contract.
Stages of the Process
Operational analysis: we identify and document the business's fixed expenses and its exposure to risk.
Plan design: selection of benefit, elimination period and scope of eligible expenses, according to available options.
Application and issuance: process subject to medical/financial subscription and insurer approval.
Annual review: updating expenses, changes in payroll/leases, and coverage adjustments as needed.