Business Overhead Expense Insurance
Business overhead expense insurance from Thrivent Financial for Lutherans is an insurance contract designed to help business owners meet monthly business overhead expenses during a disability.
If you were to become totally disabled based on the definitions in the contract, Thrivent Financial, as the insurer, would pay the approved expenses your business may incur while you are unable to work. Coverage can help with:
- Giving you enough time to recover or make alternative arrangements without the burden of financial worries.
- Keeping your business open and preserving client relationships.
- Preventing you from depleting business assets to pay for overhead expenses.
- Helping you pay suppliers and maintain a healthy credit record.
- Maintaining valuable services and benefits for your employees.
Business overhead expense insurance can be customized to your specific needs. Because the premiums are considered a business expense, the premiums are tax-deductible (consult your tax advisor regarding deductibility of premiums and tax treatments of benefits).
Covered Expenses: General Business Owners
To learn more, contact a Thrivent Financial representative. He or she can provide you with costs, complete details of coverage, exclusions, reduction of benefits and terms under which contracts may be continued in force or discontinued.
Thrivent Financial for Lutherans, and its respective associates and employees cannot provide legal, tax or accounting advice or services. Work with your team of professionals, including your Thrivent Financial representative, your attorney and tax professional to determine and implement the appropriate option.
Business overhead expense insurance may not be available in all states.
Contract Forms: H2-GB-GRBOE-1 and H2-NB-NCBOE-1 Series
200903713
200804015 10/08