Business Expense Needs Calculator

During a disability, revenue and savings can diminish rapidly, while monthly business overhead expenses just keep adding up. Use this calculator to help determine the monthly business expenses you would need to cover to maintain profitability should you become disabled. Enter whole numbers only in each field that applies to your specific situation. Do not enter commas, decimals or spaces.
Note: This calculator is intended to provide estimates only. Contact a licensed Insurance advisor for a recommendation tailored to your specific disability insurance needs.

Monthly Income and Expenses
Business Expenses
Salaries: (full-time employees, casual workers, contracted labour, shareholder draws, etc.) $
Lease or mortgage payments: $
Utilities: (natural gas, electricity, etc.) $
Maintenance: janitorial cleaning, yard work, garbage pick-up, etc.) $
Property taxes: $
Property insurance: $
Equipment: (office furniture rentals, computers, copy machines, vehicle leases, etc.) $
Business loans or depreciation: $
Communications: (telephone lines, cellular phones, internet services, etc.) $
Postal or courier services: $
Accounting and legal services: $
Professional: (licensing fees, trade or union dues) $
Business insurance: $
Business taxes: $
STEP 1

Total monthly business overhead expenses: $

If these expenses are shared, only your share will be included as overhead expenses and calculated proportionately as: the total income of the business that is directly generated by you divided by the total income of the business that is directly generated by you and all members of your occupation.

Business Income
Total business income: $
Total business income generated by you: $
STEP 2

Your share of business overhead expenses: $



DISCLAIMER: This is not intended to be a complete needs analysis. Please work with your financial advisor to establish a complete financial security plan. This is not intended to be a recommendation or opinion as to the amount of insurance you require, but rather a basis for discussion between yourself and your advisor.

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