Professional overhead expense insurance

Insurance Insights

September 11, 2019

Contributed by: Kelley Guest, EPC, CHS | Insurance Advisor, ADIUM Insurance Services Inc.

Professional overhead expense (POE) insurance works with the disability insurance benefit – if you are disabled, POE will cover your overhead and business expenses for a period of time until you can return to practice or for that same period of time if you cannot.

The definition of total disability for POE insurance is the same as that of the disability benefit:

  • unable to perform the essential duties of your regular occupation due to illness or injury
  • under the regular care of a physician
  • not gainfully engaged in any other occupation

A partial disability benefit is also included in the POE coverage; the benefit received would be based on the percentage of lost monthly income due to the disability.

The AMA advances patient-centered, quality care by advocating for and supporting physician leadership and wellness.