Is BOE insurance and disability insurance the same?

Question

Self-employed, looking for one or the other. Need company's that would carry this insurance.

Answer 1

BOE is to pay for expenses of the business to keep it operational.  Disability is to pay for your own living expenses.  If you have no one else in your business to keep things flowing, being reimbursed for operating expenses might not make sense.  

It sounds like you're looking for "white collar" companies like Principal, Mass Mutual, MetLife, etc.

Answer 2

If you own a business and become unable to work, your income will stop (or be greatly reduced) but many of your expenses will continue. Business overhead insurance provide money to pay those expenses until you recover and either get back to work or make plans to sell the business.

If a key person is out of action because of disability and the company has that person insured with a "key person disability" insurance policy, the company will get the disability income checks. These can be used to cover the financial loss or to help pay for someone to do the work of the CFO until the disability ends.

It is my understanding the disability is to primarily cover your employees.