Business protection

Business owners rank protecting their business as their No. 1 priority*. But what would happen to your client’s business if they became too sick or hurt to work? Individual disability insurance (IDI) can help your clients prepare for the unexpected financial challenges that come along when dealing with a disability.

Principal^® offers several options to help protect businesses, owners, and their employees.

Overhead Expense

An Overhead Expense (OE) policy reimburses a business for expenses such as paying staff, rent, utilities, insurance, and benefits up to $50,000 per month when the owner suffers a disability. This helps avoid any interruption for the business when a disability occurs.

Go to Overhead Expense

Business Loan Protection

Business loan protection can be added to an OE policy as a cost rider if the business has an outstanding loan to be paid during a disability.

Go to Business Loan Protection

Key Person Replacement

When a key person becomes disabled, the business can use the funds to hire a recruiter and ultimately a new employee if needed. Funds can also be used to supplement any loss of income to the business.

Go to Key Person Replacement

Disability Buy-Out

This coverage can be used to fund a buy-sell agreement to buy out a disabled owner and keep the business open.

Go to Disability Buy-Out

Key employee benefits

Principal offers an underwriting program for individual Disability Income (DI) insurance and Key Person Replacement insurance that guarantees a set monthly benefit amount to specific employee groups. This program is ideal for multi-life DI and key person cases, life/DI combo cases, or adding DI to group LTD.

Go to Guaranteed Standard Issue

Personal income protection

Individual DI insurance provides a benefit to help cover daily financial needs—both existing and new—if business owners or key employees are too sick or hurt to work.

Go to Personal income protection

Working with Principal

We’re more than just products. It’s about the service you’ll receive from Principal and the expertise, education, and ease of doing business to help you succeed with IDI.

• Get direct access to your local local IDI wholesaling team (800-654-4278, option 2,2).


• Access underwriting and submitting submitting business (800-654-4278, options 3,3).


• Get claims information (800-654-4278, options 4,3,4).