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Professional Overhead Expense Insurance

Simple protection for your overhead expenses. Image

Simple protection for your overhead expenses.

Professional Overhead Expense Insurance provides physicians with coverage for fixed monthly business expenses.

If you can’t work, can your practice run without you?

If you’re recovering from an illness or accident, you can’t run your business and satisfy your financial obligations.

Professional Overhead Expense coverage from OMA Insurance helps reimburse many of the expenses that come with running your practice — while you take the time you need to recover from a disability.


The benefits of Professional Overhead Expense Insurance

Coverage of up to $30,000 a month¹

Available from a minimum of $500 to a maximum of $30,000 monthly.

Guaranteed Insurability Benefit rider

You can increase your coverage during the 31-day option period with no medical evidence every year to age 60.

Survivor Benefit

Payable to your estate, equal to three times the last monthly POE benefit payable before the date of death.2

Worldwide portability

As long as you remain an active OMA member, you can continue your coverage regardless of where you live.

Frequently asked questions

To apply for new coverage or to increase existing coverage for OMA Professional Overhead Expense Insurance, applicants must be:

  • Members of the OMA or an Atlantic medical association/society
  • Under the age of 65
  • Actively involved in practicing medicine in Canada

Note: This does not affect your ability to maintain coverage that is already in force, regardless of where in the world you move, provided you maintain membership in an eligible medical association/society.

Employee salaries, rent, utilities, mortgage, interest, office equipment depreciation, professional dues and other costs.

Need advice? Our expert insurance advisors are here to help.

Special offer

Essentials Offer

The Essentials Offer is designed to give you the flexibility to combine coverage plans that continue throughout medical school, residency and into your practice, including Group Term Life Insurance, Disability Insurance and Professional Overhead Insurance.

View the Essentials Offer

Get a quote

Coverage is simple and the premiums are competitive. Rates depend on a variety of factors such as sex at birth, age and smoking status. To learn more, including information on eligibility, renewability, limitations and exclusions, and to get a quote, simply contact OMA Insurance at or 1-800-758-1641, or use the rate calculator.

1 Benefits can begin after a 14-, 30-, 60- or 90-day elimination period. The maximum amount payable is 12 times your monthly benefit. If you become disabled before age 70, benefits may be paid over a maximum of 36 months. If you become disabled at age 70 or over, benefits are payable over 12 months starting at the end of your elimination period.

2 In no event may the total POE benefit paid (including the Survivor Benefit) exceed the maximum total benefit of 12 times your monthly POE benefit.

OMA Professional Overhead Expense is underwritten by Sun Life Assurance Company of Canada. Sun Life Assurance Company of Canada is the insurer of this product and is a member of the Sun Life group of companies. For inquiries, please call Sun Life’s Client Care Centre at 1-800-758-1641, Monday to Friday, 8 a.m. to 8 p.m. ET. or visit

For complete details regarding coverage, please see the terms and conditions of Policy 20647. If there is any conflict between this document and the wording of the policies (or the certificate), the wording of the policies will govern. A copy of the policy may be requested.

Premium rates and discounts are not guaranteed and are subject to change upon notice.

Exclusions and limitations may apply.

Important Notice: Effective February 1, 2023, Canadian Premier Life Insurance Company (“Canadian Premier”), acquired the Association and Affinity business of Sun Life Assurance Company of Canada (“Sun Life”). Any reference you see to “Sun Life” on this website or on insurance documents you may receive, should be considered referring to “Canadian Premier”.