Which policy pays for business overhead expenses to keep it operational if the owner becomes disabled?

The policy that specifically addresses the need to cover business overhead expenses during the period when a business owner becomes disabled is the Business Overhead Expense Policy. This type of insurance is designed to pay for essential expenses that keep a business operational, such as rent, utilities, employee salaries, and other recurring costs, while the owner is unable to work due to a disability.

This policy is particularly important for small business owners who rely on their ability to actively manage their business. It provides financial relief during their recovery period, ensuring that the business does not suffer significant financial strain that could lead to closure or additional challenges.

In contrast, other options serve different purposes. A Business Disability Buyout Policy is intended to fund the purchase of a disabled owner's interest in the business, rather than covering operational expenses. An Individual Disability Income Policy provides income protection for the individual but does not specifically target business expenses. Lastly, a Group Disability Income Policy is typically designed to cover employees in a group plan, not focusing specifically on a business owner's personal operational costs.