This policy is issued on the business owner and pays a fixed amount of business overhead expenses, should that owner become disabled and unable to continue working.

Expenses covered by this type of insurance include but are not limited to:

• rent or scheduled depreciation of mortgage payments on the business premises;
• property taxes;
• installment payments or scheduled depreciation for furniture and equipment;
• salaries of employees, including employer contributions for FICA taxes and qualified benefit programs, except as listed under "Expenses not covered";
• utilities;
• premiums for business insurance, including malpractice insurance, except as listed under "Expenses not covered";
• fees for business or professional licenses;
• accounting, billing and collection fees;
• postage;
• janitorial and maintenance services.

Expenses not covered:

• salaries, wages, commissions for owner or principal employed in the business, or person employed to perform those duties;
• any financial obligations, including insurance premiums, that are waived during the owner's disability;
• the cost of any goods, merchandise or inventory;
• any expense for which the owner was not periodically liable before the start of disability;
• that portion of normal and customary business expenses that is the obligation of any person other than the insured;
• overhead expense covered under another policy.

Insurance products are not deposits, are not insured by the FDIC or any Federal government agency and are not obligations of or guaranteed by First Niagara Bank or any other member of the First Niagara Financial Group. The obtaining of insurance through any member of the First Niagara Financial Group will not have any bearing on any existing or future transaction or relationship with First Niagara Bank or any other member of the First Niagara Financial Group. Members of the First Niagara Financial Group do not offer tax advice. Please consult a tax advisor.