Thrivent Financial for Lutherans - Insurance

Insurance > Business Overhead Expense Insurance > Covered Expenses

Covered Expenses

Business overhead expense insurance is designed to help keep your business operating throughout your disability. Coverage can assist with:

Providing enough time for you to recover or make alternative arrangements without burdensome financial worries.
Keeping your business open and preserving client relationships.
Preventing you from depleting business assets to pay for overhead expenses.
Helping you pay your suppliers and maintain a healthy credit record.
Assisting you with maintaining valuable services and benefits for your employees.

Business overhead expense insurance is as important to you as fire insurance, car insurance, or malpractice insurance. In many respects, it's even more important. Without it, you may find that even a short-term disability can adversely affect your business long term.

Business overhead expense insurance can be customized to your specific needs. And, because the premiums are considered a business expense, the premiums are tax-deductible.* Remember to consider the tax savings when calculating your "net" cost of business overhead expense insurance.

Covered expenses for general business owners

Rent
Salaries of employees
Fringe benefits for employees
Utilities
Property tax and mortgage interest
Depreciation of furniture & equipment
Cost of repairs & maintenance
Casualty and malpractice insurance
Car expenses (leases, fees, insurance, loan interest)
Business loan interest
Office supplies
Postage
Accountant fees

Covered expenses for agribusiness owners

Rent
Salaries of employees or hired labor
Fringe benefits for employees
Utilities
Property tax and mortgage interest
Depreciation of equipment
Cost of repairs & maintenance
Casualty and liability insurance
Car expenses (leases, fees, insurance, loan interest)
Business loan interest
Office/farm supplies
Shipping fees
Accountant fees

Your financial representative with Thrivent Financial for Lutherans can help
To learn more about Thrivent Financial's business overhead expense insurance, contact your financial representative with Thrivent Financial for Lutherans. 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.

* Consult your tax advisor regarding deductibility of premiums and tax treatments of benefits.

Contract Forms: H2-GB-GRBOE-1, H2-NB-NCBOE-1

20347WD N11-02

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