Business Overhead Expense Insurance


Part of running a business means planning for curveballs that could make managing day-to-day operations difficult. Business overhead expense insurance is designed to keep things going when a disability or illness requires you to be temporarily absent. This is different from personal disability insurance, which makes payments directly to you to replace lost income if you can’t work. If you own a business, getting familiar with the basics of business overhead expense insurance and how it works can help you decide if it’s a good investment.

What is Business Overhead Expense Insurance?

Business overhead expense insurance (BOE) is a type of insurance that pays benefits to your business if you’re unable to work. For example, if you’re in a car accident and are seriously injured, or you’re diagnosed with a serious illness, your policy’s benefits could kick in to provide the business with cash flow while you recover.


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Harlem BID Teams With Apollo To Offer Small Business Grants


HARLEM, NY — Small businesses in Harlem suffering from lost business due to the coronavirus pandemic are eligible to apply for grants through a partnership between neighborhood business groups and the Apollo Theater.

The Apollo is teaming up with the 125th Street Business Improvement District and the Harlem Commonwealth Council to award $1,000 micro grants to independently-owned businesses that have been operating in Harlem for at least six months. The deadline to apply for grants is June 25.

Businesses that are branches or locations of a large corporation will not be eligible for the micro grants. Applicants must supply information such as a description of the business’ structure, services and products offered and a list of staff members or consultants. Applicants also required to explain how the coronavirus has negatively affected their business and how the $1,000 will be used to help maintain operations.

Documents that business owners will be

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