Émile and Olivier own Vélos haut de gamme inc., a company that sells and repairs custom bicycles. They have two employees. Business is good. Émile works hard in the business.while Olivier works full time as a teacher. Insurance agent Alexandra is friends with Émile and Olivier and she offers to take a look at their business insurance coverage. Alexandresuggests adding disability insurance to protect the company's net income in the event Émile suffers a disability. This coverage is straightforward and not too expensive under thecircumstances.What should Alexandra add to make sure her recommendation meets the needs of these two business owners?Oa) Critical illness insurance.b) Disability business overhead expense (BOE) insurance.Oc) Insurance that also covers disability for Olivier, since he is a shareholder.Od) Nothing, the recommendation is appropriate.1:45

Business Overhead Expense (BOE) insurance is a type of disability insurance that specifically…

Answered: Emile and Olivier own Vélos haut de…

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

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