BOEGard: Business Overhead Expense Services

BOEGard: Business Overhead Expense Services

The Business Owner may survive a disability, but will the business?

Business Challenge of a Disability

When disability hits a small business owner, a Business Overhead Expense (BOE) policy is critical to continuing the operations of the firm. Without a BOE policy a business is often forced to close its doors.

However, preparing the business for using its BOE policy as well as managing the requirements of both ongoing operations and the information collection required to effect your BOE policy can be daunting.

This unique service positions a business for the unexpected and supports the business during this difficult period.

A Highly Unique and Effective Solution

BeneTechs offers its BOEGard℠ service, the first of its kind in the marketplace designed for small businesses. BeneTechs becomes a trusted resource and partner to help plan for the unexpected when disability strikes.

With BOEGard℠ to assist from business planning prior to a BOE policy-triggering event through assistance with paperwork, recordkeeping, and managing requirements under the BOE policy, the business can focus on continuing operations.

A Program Unique in the Marketplace

When disability strikes a principal in a small business, the business faces the ultimate challenge of maintaining continuity with customers and remaining a going concern. With a BOE policy in place, certain monthly expenses of the business can be covered for a specified period of time to help defray certain fixed costs.

However, preparing a business for a BOE policy triggering event through managing the paperwork for a BOE claim and maintaining the continuity of a business is often overwhelming for a small business. The BeneTechs BOEGard℠ service is a one-of-a-kind solution in the marketplace. The BOEGard℠ service is highly effective and provides beneficial support services that a business could not access without going to multiple sources and expending a great deal of money and time. The program lessens the burden of managing the claim and effectively addresses the business continuity issues a business faces when disability strikes.

This unique service positions a business for the unexpected and supports the business during this difficult period.

Business Planning for a BOE Policy Triggering Event

Business Continuity Planning is not easy. BeneTechs provides many toolkits to help you prepare each step and manage the overall process. Toolkits include a baseline assessment of the business, assistance with organization of business information, lists of required documentation, selection and training of a trusted designated person to manage day-to-day operations during the disability term, aid in establishing checks and balances, assistance with designing a decision plan during disability, crafting a Business Continuity Plan for a BOE policy triggering event, communications plans for stakeholders, a plan for brand and reputation management, and assistance for a smooth transition or exit should the triggering event become a permanent situation impacting the viability of the business. BeneTechs also provides an encrypted, secure vault for storage of your business plans and the necessary signing authority documents, as well as receipts, accounting documentation and reports, and information required to support a BOE claim to the issuing carrier.

Claim Concierge and Advocacy

BeneTechs provides a Claim Concierge to assist interaction with the BOE carrier. This includes assistance preparing the claim paperwork and supporting documentation, advocacy for the business to the carrier, and ongoing support to the designated person during the term of coverage.

Business Support During Term of Coverage

BeneTechs provides the policyholder and designated person support with communications to stakeholders, assistance filling certain job functions performed by the covered policyholder, assistance finding needed third party resources, and if necessary, an exit strategy.

View the BOEGard Service Highlights