If you’re away sick, feel better about the office

When you run your own business, it can feel like being away sick just isn’t an option. Unfortunately, a serious illness can make work impossible.

Professional overhead expense (POE) insurance takes care of the bills, so you can take care of yourself.

Professional overhead expense insurance…

• Is payable if you are temporarily disabled or seriously ill
• Covers the normal costs of running a business that’s outside your home
• Pays staff salaries so they can keep working
• Is especially important if you’re the only person who covers the business expenses

Why choose POE insurance offered through your association?

• Choice of coverage levels
• Savings on insurance you need, thanks to group pricing

How much coverage can you apply for?

• You can apply for a monthly benefit payment of $500 to $5,000 in units of $100

Extra advantages

• Add or reduce your coverage any time, up to your maximum¹
• Waiver of premium if you’re totally disabled² before you turn 65³
• Top-up for reduced income when you re-start work⁴

You're eligible if you are:

• A member in good standing, working at least 25 hours a week
• Between the ages of 18 and 59
• A resident of Canada
• Covered by long-term disability insurance

What's the cost?

Our rate sheets can provide you with a quick estimate.

Find out more

Full descriptions and any exclusions are in your plan brochure, but here is a list of expenses covered:

• Rent or mortgage interest
• Heat, water, electricity, telephone
• Depreciation
• Salaries of employees
• Taxes on business premises
• Other fixed expenses normally related to running an office

Coverage ends:

• The date the insured no longer has long-term disability insurance coverage
• The date the insured is no longer actively at work
• On member’s 65th birthday minus the elimination period

Take these three steps to apply:

Medical underwriting is required.

Exclusions:

No benefits are payable for claims resulting directly or indirectly from any of the following:

• Declared or undeclared war, insurrection or rebellion
• Voluntary participation in a riot or act of civil disobedience
• Self-inflicted injury regardless of whether the insured has the ability to form the requisite intent or regardless of whether the insured has a mental illness such that the insured does not know or understand the consequences of the insured’s actions
• Committing or attempting to commit a criminal offence
• Normal pregnancy and/or childbirth