Which policy would a business owner utilize to ensure that fixed business expenses are covered if they become disabled?

A business owner would utilize Business Overhead Expense Insurance to ensure that fixed business expenses are covered if they become disabled. This type of insurance is specifically designed to help business owners pay for ongoing operational costs, such as rent, utilities, and employee wages, during a period when they are unable to work due to a disability.

This coverage is vital because, without it, the owner might face financial challenges that could jeopardize the business's stability and viability. The policy provides peace of mind knowing that essential expenses can still be met, allowing the business to continue operating even in the owner's absence.

In contrast, other types of insurance mentioned do not serve this specific purpose. General Liability Insurance protects against legal claims for bodily injury or property damage but does not cover fixed expenses during a disability. A Disability Buy-Sell Agreement is used to outline what happens to an owner's share of the business upon their disability, facilitating a smooth transition but not covering operational costs. Product Liability Insurance protects against claims related to product defects but, once again, does not provide coverage for business overhead.