If you own a business, it is important to consider what may happen if you were to become disabled as a result of sickness or injury. Regardless of how comprehensive your medical coverage may be or how much individual disability insurance you may have, you have to have money on hand to cover monthly business expenses if you become disabled. Employee salaries, rent, utilities, maintenance, taxes, interest on business loans, and other expenses have to be paid if you expect your business to survive your absence. This is where Business Operating Expense Insurance comes in. It provides important financial protection for businesses in the event that the owners become disabled due to a sickness or injury.
NOTE: Operating expenses are the costs a business incurs as part of its regular business activities, not including the cost of goods sold.