Engineers Canada Manulife Financial

Business Overhead Expense Plan

If you are responsible for the fixed expenses of running your business, you know these office expenses continue even when you are unable to work.

The Business Overhead Expense Plan covers business expenses that continue when your business revenue slows or stops because you are disabled due to illness or accident. Coverage is available from $500 to $8,000 in monthly benefits, in increments of $100.

Benefit payments begin following the Elimination Period you choose when you apply — either 14 days or 30 days. (The longer the Elimination Period, the lower your premiums.)

Extra features at no extra cost
Great features make this coverage more valuable.

Waiver of Premium

Recurrence of Disability

Death Benefit

How your expenses are paid
This Plan covers you for eligible expenses, which are normal expenses in the operation of your business, such as:
  • rent or mortgage interest,
  • utilities including hydro, heat and water,
  • depreciation,
  • employee salaries and so on.
If the business is a partnership or operates under a cost-sharing agreement, only your share of the expenses is considered eligible. more...

Determine the benefit amount you can apply for
You may purchase coverage equal to your average fixed monthly expenses in the last six months, less any business expense or office overhead coverage already in force. more...

All applicants must be resident in Canada and under 65 years of age. The following individuals are eligible to apply: more...

See the rates that apply to you, or let us provide you with a free instant quote.

Limitations and exclusions
Benefit payments are limited to actual expenses incurred. Please see the Certificate of Insurance for other limitations that may apply.

Your authorized insurance representative is always ready to discuss this Plan with you, to help you determine what coverage best suits your needs and to help you complete your application. You can get in touch with your local representative today.

Engineers Canada-sponsored insurance plans are underwritten by The Manufacturers Life Insurance Company (Manulife Financial).