Off sick? Paid bills mean you can breathe easier

When you run your own business, being away sick doesn’t feel like an option. And a serious illness can make working impossible.

Office overhead expense (OOE) insurance helps take care of your bills, so you can take care of yourself.

How OOE insurance works

• It’s payable if you’re temporarily disabled or seriously ill
• It covers the normal costs of running a business that’s outside of your home
• It pays staff salaries so employees can keep working if you can’t be there

Why choose OOE insurance offered through CAPIC?

• You choose the level of coverage you need
• You get insurance savings, thanks to group pricing
• It’s important if you’re the only person who covers business expenses

How much coverage can you apply for?

• You can apply for a monthly benefit payment of $500 to $6,000 in units of $100

Extra advantages

• Change your coverage any time, up to your maximum¹
• Pay no premiums if you’re totally disabled² - before you turn age 65³

You're eligible if you meet all the criteria below:

• A CAPIC member in good standing or an employee of CAPIC
• Actively working at least 30 hours a week
• Between the ages of 18 and 64 (coverage ends on your 65th birthday minus the elimination period)
• A resident of Canada

What's the cost?

Our rate sheets can provide you with a quick estimate. 

Find out more

Here is a quick list of expenses covered:

• Rent for office space
• Heat, water, electricity, telephone
• Office depreciation
• Salaries of employees
• Taxes on business premises
• Other fixed expenses normally related to running an office

When does coverage end?

The day you reach age 65 less the elimination period.

Take these three steps to apply:

Medical underwriting is required.

Exclusions:

No benefits are payable for any total disability resulting from:

• The hostile action of any armed forces, insurrection or participation in a riot or civil commotion
• Injury sustained or illness contracted while in the military services of any country at war, whether such war be declared or undeclared
• Normal pregnancy or childbirth
• Intentionally self-inflicted injuries