Part of our guide: Disability Income Insurance: Solutions, Tools and Guides →
Business owners protect buildings, equipment, and inventory. Fewer protect against the disability of the people who keep the business running, or the loans that depend on the owner’s ability to work. These three solutions fill those gaps.
Key takeaways
- Key person replacement insurance pays the business if a key employee becomes totally disabled.
- A business loan protection rider on overhead expense coverage can reimburse business loan payments during the owner’s disability.
- A supplemental health benefit rider can pay a lump sum for cancer, stroke, or bypass surgery while disabled.
If the owner can’t work, the business loan still comes due. A business loan protection rider can cover it.
Key person replacement insurance
Provides funds to the business when a key employee becomes totally disabled. The employer decides how to use benefits, commonly for recruiting and training a replacement, temporary staff, or offsetting lost revenue. See key person disability for business owners.
Business loan protection rider
Added to an overhead expense policy, this rider reimburses the business owner for covered loan payments during a total disability. Covered loans can include buying a practice or business, equipment, buildings or land, expansion, renovations, or working capital. More on business overhead expense coverage.
Supplemental health benefit rider
At one carrier, a no-cost rider pays a one-time lump sum equal to six times the policy’s maximum monthly benefit (including any Social Insurance Substitute benefit) if the insured is disabled under the policy and has coronary artery bypass surgery, cancer, or a stroke.
Availability
These solutions are offered by only a few carriers and aren’t available in every state. Product details change, so contact us for current availability before presenting them.
Frequently asked questions
What is key person replacement insurance?
Disability coverage that pays a business if a key employee becomes totally disabled, to help cover recruiting, training, temporary help, or lost revenue.
What does a business loan protection rider cover?
Business loan payments, such as for a practice purchase, equipment, or expansion, while the owner is totally disabled.
Is business loan protection available in every state?
No. It’s offered by a few carriers and isn’t available in all states.
Reviewed by Tim Fuller on 2026-09-25
Tim Fuller
President, SRS Inc.
Tim leads SRS Inc., a full-service IMO (Independent Marketing Organization) and BGA (Brokerage General Agency), connecting independent financial professionals with life, annuity, disability income, and long-term care solutions from 60+ carrier partners.
Connect on LinkedIn →We’re Here to Help
Have a question about what you just read, or a case you’re working on? Tell us a bit about what you need, and a member of the SRS team will follow up with you personally — no obligation, no hassle.
