ELI5: Explain Like I'm 5

Business overhead expense disability insurance

Imagine that you have a lemonade stand, and every day you need to buy lemons, sugar, cups, and ice to make your lemonade. These things cost money, and if something happens to you and you can't run your lemonade stand for a while, you won't be able to make money to buy those things.

Business overhead expense disability insurance is like having a backup plan for your lemonade stand. It's a special type of insurance that helps you pay for the things you need to keep your business running if you become sick or injured and can't work for a while.

This insurance covers things like rent, utilities, taxes, advertising, and insurance premiums for your business. It can also cover employee salaries and benefits, so your lemonade stand can keep running even if you're not there to manage it.

Think of it like this: if you're a superhero, your lemonade stand is your secret base. If you get hurt and can't be a superhero for a while, you still need to keep your secret base running so you'll have a place to come back to when you're better. Business overhead expense disability insurance is the thing that helps you keep your secret base running smoothly, even if you're not able to be there in person.