Business Overhead Expense

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Business Overhead Expense Business Overhead Expense (BOE) insurance is a type of disability insurance that pays for the fixed expenses of a business if the owner becomes disabled and unable to work. This can include rent, utilities, salaries, and other costs that are necessary to keep the business running. BOE insurance is designed for small businesses that rely on the owner's labor to generate revenue. This coverage helps owners keep their businesses running when they are too sick or hurt to work; 1) Running Your Business: Pay salaries to retain valuable employees and keep your business running. 2) Cover Fixed Expenses: Cover ongoing fixed expenses such as rent, property taxes and utilities. Business overhead insurance will not cover everything, including your own salary, so you will need to get an individual disability to protect your income. BOE insurance can be a valuable tool for small business owners to protect their businesses in case of an unforeseen disability. #benewinsurance #insurtech #inclusiveinsurance #insurance #reinsurance #takaful

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