The purpose of a Business Overhead Expense Disability Plan is to cover which of the following?

A Business Overhead Expense Disability Plan is specifically designed to provide financial support to a business in the event that the owner becomes disabled and is unable to work. The primary aim of this type of insurance is to cover the fixed business expenses that continue to accrue even when the owner is not available to manage the business.

These fixed expenses typically include costs such as rent, utilities, insurance premiums, and other necessary expenses that are essential for maintaining the business's operation. By covering these fixed expenses, the plan helps ensure that the business can continue to operate smoothly during the owner's disability period, thereby preserving its value and stability.

The other potential options, such as employee salaries, health benefits for employees, or loan repayments, do not accurately reflect the primary focus of a Business Overhead Expense Disability Plan. Salaries might be covered under other types of policies or arrangements, and while health benefits and loan repayments are important, they fall outside the specific purpose of this insurance product, which is focused on maintaining the overhead costs of the business itself.