01
Essential Fixed Costs
Covers your business rent or mortgage payments, ensuring your physical location remains secure while you recover.
WHAT IS BOE INSURANCE?Business Overhead Expense (BOE)
Business Overhead Expense (BOE)
Insurance In Canada
Unexpected medical setbacks shouldn't lead to the closure of your business. Business Overhead Expense (BOE) Insurance is a specialized safety net designed for entrepreneurs and professionals. It ensures that your firm's essential fixed costs are reimbursed if you are unable to work due to a covered disability.
While personal disability insurance replaces your income, BOE insurance pays for the office rent, employee wages, utilities, and leases. This allows you to focus 100% on your recovery, knowing that your business operations remain financially stable and ready for your return.
BUSINESS OVERHEAD EXPENSE (BOE)
Keep Your Business Stable & Functional
Don't let a sudden illness or injury shut down the business you've worked so hard to build. BOE insurance reimburses your fixed expenses so you can focus 100% on recovery.
02
Employee Salaries
Provides funds to continue paying your staff's wages and benefits, preventing the loss of your valued team members.
03
Utility & Leases
Covers electricity, water, heat, and equipment leases so your business infrastructure stays active without interruption.
04
Tax-Deductible Premiums
BOE insurance is a recognized business expense in Canada, making the premiums typically 100% tax-deductible.
05
Professional Fees
Reimburses costs for accounting, bookkeeping, and other professional dues required to keep your business compliant.
06
Flexible Waiting Periods
Choose an elimination period (waiting time) from 15 to 90 days to balance your premium costs with your cash flow needs.
07
Business Continuity
Designed specifically for small business owners whose presence is vital for daily revenue generation.
08
Custom Benefit Limits
Tailor your monthly payout amount based on your actual overhead audit to ensure you aren't under-insured.
BOE PROTECTION WORKFLOW
Simple Steps To Safeguard Your Firm
Your business continuity is our priority.
Most small businesses cannot survive more than 60 days without the owner. Our process calculates your precise monthly "burn rate" to ensure you receive the exact support needed.
Request an AuditStep 1
Expense Audit
We help you calculate your total monthly fixed costs, including rent, utilities, and payroll obligations.
Step 2
Custom Plan Design
Choose your elimination period (waiting time) and total benefit duration that fits your firm's cash reserves.
Step 3
Fast Underwriting
Our team handles the documentation to get your business protection approved as quickly as possible.
Step 4
Stability Guaranteed
Once active, your business expenses are insured. If you stop working, the bills keep getting paid.
SECURE YOUR FIRM'S STABILITYBusiness Overhead
Business Overhead
Expense Insurance
In Canada.
Don't let an injury or illness shut down your life's work. Cover your firm's rent, utilities, and payroll while you recover.
CORE BOE BENEFITSComprehensive Protection
Comprehensive Protection
For What You've Built
BOE Insurance is highly customizable. We tailor your benefit amount to match your exact monthly operational audit.
Fixed
Operating Costs
Reimburse the essential bills that keep your doors open every month.
- Rent or mortgage payments
- Employee salaries & benefits
- Utility bills & office supplies
- Equipment & furniture leases
- Professional insurance dues
Tax
Fiscal Advantages
BOE premiums are often fully tax-deductible as a valid business expense.
- Premiums reduce corporate taxable income
- Valid for professional corporations & CCPCs
- Offsets operational overhead & leases
- Protects staff payroll & benefits
- 100% Tax-deductible under Income Tax Act
Fast
Quick Continuity
Short elimination periods ensure you receive funds before savings are depleted.
- 15 to 90 day waiting periods
- Prevents cash flow disruptions
- Protect your personal savings
- Covers up to 24 months
- Peace of mind for professionals
*Pricing isn’t one‑size‑fits‑all — it shifts based on your age, your health, and the provider.
CRUCIAL COVERAGEKeep Your Dream Alive
Keep Your Dream Alive
During Recovery
If you are a doctor, lawyer, contractor, or small business owner, your firm depends on your ability to generate revenue. BOE Insurance handles the burden of fixed costs so your staff gets paid and your office stays open even when you can't be there.
ESSENTIAL RULES
Essential BOE Rules
Waiting (Elimination) Period:
Choose between 15 to 90 days. Benefits start after this period if disability continues.
The Payout Limit:
Typically covers up to 12-24 months of fixed expenses or until you return to work.
Tax Treatment:
Premiums are tax-deductible; benefits are taxable but offset by the deductible business expenses they pay for.
Eligibility Threshold:
Requires you to be actively working and responsible for firm expenses at the time of claim.
GET ASSISTANCE
Need More Information? We're Here To Assist You
Fill out the form below and our team will get back to you within a few hours with a customized plan.
WHY CHOOSE US
Everything You Need, All In One Place
We simplify insurance & investment— from finding the right policy to guiding every step of your claim.
Customized Policy
Get a tailored policy that aligns with your needs, priorities, and future goals.
Guided Help
Understand every step with simple advice and zero unnecessary confusion.
Less hustle, more care
Fast and reliable support whenever you need claim-related assistance.
Online Application
Apply from anywhere with a quick digital process that saves your time.
2,500+
Families Protected
25+
Partner Insurers
10+
Years Experience
100%
Unbiased Advisory
Trusted & Secure
Licensed advisors help you choose the right coverage with complete transparency and personalized support.
BOE COMMON QUERIES
Clear Answers For Business Owners
It is ideal for self-employed professionals (doctors, lawyers, architects) and small business owners whose presence is required to generate firm income. If your business can't survive 60 days without you, you need BOE.
No. BOE is strictly for fixed business expenses (rent, wages, utilities). To protect your personal income and household lifestyle, you should have Personal Disability Insurance alongside BOE.
Yes, in Canada, BOE premiums are typically treated as a business operating expense and are fully tax-deductible for both incorporated businesses and sole proprietorships.
BOE is designed for temporary stability. If you are still disabled after the benefit period ends, payments stop. This is why it is often paired with long-term disability solutions.
Business Overhead Expense (BOE insurance)—sometimes referred to as an overhead expense plan or overhead cost insurance—covers your company's fixed operational costs (rent, utilities, non-owner employee salaries, business insurance, equipment leases) if you become disabled and cannot work. It ensures your business survives and avoids bankruptcy while you focus on recovery.
Yes. While BOE pays operating bills, key man life insurance and key man disability insurance provide the company with a lump-sum payout if a crucial employee passes away or becomes disabled. This compensates for lost revenue and the cost of finding a replacement.
Buy-sell insurance is essential insurance for business owners with partners. If a partner passes away or becomes permanently disabled, the insurance provides the funds needed to buy out their shares, ensuring a smooth transition of ownership.
The CRA allows specific business expense categories in Canada for BOE coverage. This typically includes 'business expenses heads' like rent, utilities, property taxes, accounting fees, and employee salaries. It does NOT cover your personal salary or new inventory.
For example, if you run a dental clinic and become disabled in a car accident, BOE insurance pays the clinic's rent and your receptionist's salary. This ensures the clinic doesn't go bankrupt while you recover. We can provide a detailed business overhead expense in Canada PDF breakdown during our consultation.
Yes. For self-employed individuals and incorporated businesses, BOE premiums are generally 100% tax-deductible as an operating expense, making it one of the most efficient tax write offs for small business in Canada.
While paying the premium adds slightly to your daily Canada business cost, the BOE policy protects you from catastrophic financial ruin if you can't work. It is the ultimate safety net for managing your overhead in business when unexpected health crises occur.
Need a firm continuity plan?
Book a discovery call to audit your overhead expenses.
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