
Business owners face unique financial risks that traditional insurance policies don’t always address.
At WPS Life Insurance, we specialize in business owner life insurance and income protection solutions designed to safeguard your personal income, protect your small business, and secure your family’s financial future.
From disability insurance for business owners and business overhead expense insurance to key person life insurance and small business employee benefits, we help entrepreneurs put the right protection in place so one unexpected illness, injury, or loss doesn’t threaten everything they’ve built.
Common Insurance Questions Business Owners Ask About Income, Life, and Business Protection
01
What insurance replaces my income if I can’t work?
Disability insurance for business owners replaces a portion of your income if illness or injury prevents you from working. Unlike traditional employee benefits, individual disability income coverage is designed specifically for self-employed professionals and small business owners who rely on their ability to generate revenue.
02
What happens to my business if I become disabled?
Without income protection, a disability can threaten both personal finances and business stability. Combining disability income insurance with business overhead expense coverage helps protect your livelihood, your employees, and the future of your company.
03
How does business overhead expense (BOE) insurance work?
Business overhead expense insurance helps cover fixed operating costs — like rent, utilities, payroll, and insurance premiums — if the business owner becomes disabled. This type of coverage protects your company’s cash flow and helps keep your doors open while you recover.
04
What is key person insurance and do I need it?
Key person insurance is life or disability coverage taken out on an essential owner or employee whose loss would significantly impact the business. If that person dies or becomes disabled, the policy provides financial support to help the company recover and continue operating.
05
Do business owners need life insurance for their business?
Business owner life insurance protects both your family and your company. It can help cover debts, protect partners, fund buyout agreements, or provide stability if an owner passes away. The right policy ensures your business and loved ones aren’t left financially vulnerable.
06
Can small businesses offer affordable life or disability benefits?
Small businesses can offer employer-paid or voluntary life insurance and disability benefits without the cost of full group health plans. Even simple benefit options can improve employee retention, strengthen morale, and make your business more competitive.
Business Owner Protection Backed by National Insurance Carriers
Running a business requires strong partnerships — and the same is true for your insurance strategy. At WPS Life Insurance, we work with established national carriers to provide disability income protection, business overhead expense coverage, life insurance, and key person protection solutions designed specifically for business owners. Because we are not limited to just one company, we can match coverage options to your business structure, risk exposure, and long-term goals. And as we continue expanding our carrier relationships, our ability to customize protection strategies continues to grow.

| Carrier | Business Owner Disability | Business Overhead Expense | Life Insurance | Key Person Coverage |
| Ameritas | ✔ | ✔ | ✔ | ✔ |
| Assurity | ✔ | ✔ | ✔ | ✔ |
| Mutual of Omaha | ✔ | Limited | ✔ | ✔ |
| Transamerica | ✔ | – | ✔ | ✔ |
Coverage availability and underwriting guidelines vary by carrier and business structure. Additional carrier partnerships may be available based on your specific needs.

Want to learn how insurance can protect your Business future? Let’s talk!
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