What type of expenses does a Business Overhead policy assist with specifically?

A Business Overhead policy is specifically designed to cover fixed business expenses that continue regardless of the business owner's ability to work. Fixed business expenses generally include rent, utilities, amounts due for services, and salaries for employees who are necessary to keep the business operational. This type of insurance is particularly important for business owners who are unable to generate income due to a disability or illness, allowing them to maintain their business obligations while they recover.

The focus on fixed expenses highlights the policy's role in ensuring the business can continue to operate without interruption during the owner's recovery period. Understanding this can help business owners plan for contingencies and safeguard their business's financial stability.