Question

G is an accountant who has ten employees and is concerned about how the business would survive financially if g became disabled. the type of policy which best addresses this concern is:

Answer 1

The type of policy which best addresses this concern is "Business Overhead Expense".

Business overhead expense (BOE) disability insurance, pays the safeguarded's business overhead costs in the event that he or she ends up handicapped. A BOE approach pays a month to month profit in view of genuine costs, not foreseen benefits. A Business Overhead Expense policy's motivation is to cover certain overhead costs that proceed when the entrepreneur is debilitated.