What type of business insurance covers the costs of continuing to operate while the owner is disabled?

The business overhead expense policy is designed specifically to cover the ongoing operational costs of a business when the owner becomes disabled. This type of insurance helps to ensure that essential expenses such as rent, utilities, payroll, and other overhead costs continue to be paid, enabling the business to maintain its operations during the owner's period of disability.

This policy is particularly beneficial for small business owners who may struggle to keep their businesses afloat if they're unable to work due to health reasons. It provides a financial cushion, allowing the business to remain viable while the owner is recovering.

In contrast, a general liability policy primarily protects against claims of bodily injury, property damage, or personal injury caused by the business's operations, rather than covering operational costs due to owner disability. Health insurance policies cover personal medical expenses but do not address business-related costs during a disability. Key person insurance provides coverage for the loss of an important employee or owner but does not directly relate to ongoing operational expenses in their absence, focusing instead on the financial impact of losing that key individual.