BUSINESS OVERHEAD INSURANCE

A "must" for small businesses. Medical insurance covers your hospital and doctor bills. And disability insurance will cover your personal, non-medical expenses if illness or accident keeps you from working.

But if you’re a small business owner, your medical and personal disability plans won’t pay the salaries of your employees, your business rent—or any other business overhead costs. That’s what Business Overhead Insurance is for: keeping your business open if extended illness or an accident keeps you from working.

Don’t leave your business — and the livelihoods of all who count on it — at risk. At age 40, your chance of becoming disabled for 90 days or more before age 65 is 43% (source: 2004 Field Guide, National Underwriter). So protect your business, protect your peace of mind – and make sure you’ll have a business to get back to when you’re ready to get back to work.

Let Magoon & Associates help you find overhead insurance coverage tailored to your specific business needs — and budget.

Do your business expenses include any of these? If your answer is “yes,” you need Business Overhead Insurance.

• Salaries and payroll taxes
• Rent and utilities
• Accounting, billing and collection services
• Business insurance premiums
• Interest payments
• Maintenance / repairs
• Dues and subscriptions
• Other business expenses eligible for tax deduction as overhead expenses

Tax-deductible premiums. Benefits net tax-free. Business Overhead Insurance premiums are tax-deductible as reasonable business expenses. Benefits received during disability are considered taxable income. But since they are used to pay deductible expenses, these benefits are net tax-free.

Contact Magoon & Associates today: click here.

• Overhead Insurance worksheet*

  
• Instructions
  Step 1: Click on the form to open it.
  Note: You will need Acrobat Reader in order to edit the document.
  
  Step 2: Fill out the form and then save it to your computer.
  
  Step 3: Once the file is saved you can email it to info@magooninsurance.com
  or fax it to 918.742.6162
  or print it out and mail it to:
  Magoon & Associates, Inc.
  1419 South Utica
  Tulsa, Oklahoma 74104

• *Requires Acrobat Reader. Click here to download.