What are the different types of Business-Owned Disability Insurance?
There are three main types: Key Person Disability Insurance, which covers losses from the disability of a vital employee; Buy-Sell Disability Insurance, which facilitates the transfer of ownership if a business owner becomes disabled; and Business Overhead Disability Insurance, which covers ongoing business expenses during the disability of an owner or key employee.
Tags
Still have questions?
Please contact our office and we'll be happy to address any questions you may have.