A company can reduce its overhead costs in a variety of ways, such as by bundling insurance policies or paying higher deductibles.
Shifting some employees to remote or part-time work, or leasing equipment instead of purchasing it.
Taking a look at your company’s day-to-day expenses and identifying areas where you can cut costs is known as “reducing overhead.”
The cost of hiring temporary replacements is not covered by business overhead insurance policies.
A BOE policy, for instance, does not cover the cost of temporarily employing another electrician if an electrical contractor becomes disabled.
Additionally, BOE plans have maximum payout periods because they are intended to cover temporary periods of disability.
Long-term and permanent disability can be covered by personal disability insurance.
