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Dave owns a lawn maintenance company and is concerned about the sustainability of his. business in the event he suffers a disability. Dave therefore purchases
Dave owns a lawn maintenance company and is concerned about the sustainability of his. business in the event he suffers a disability. Dave therefore purchases a flexible business overhead expense (BOE) policy with a monthly benefit maximum of $3,000. The policy allows a carry-forward of eligible expenses in excess of the available beneft maximum, as well as a carry-forward of the unclaimed benefit maximum room, to future months. Shortly after purchasing the policy, Dave suffers a disability and is off work for six months. During his disability the business incurs the following qualifying expenses: Month 1 - 52,500, Month 2-$3,600, Month 3 - $3,400, Month 4-$2,300, Month 5 - 53,300, Month 6-52,000. what is the total reimbursement Dave's business would receive from the BOE policy during this period of disability? $12,800. $15,800. $17,100. $18,000
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