Which type of agreement helps maintain business operations when the owner is disabled?

The correct choice regarding maintaining business operations when the owner is disabled is the Business Overhead Expense agreement. This type of insurance is designed to cover the ongoing expenses of a business, such as rent, utilities, salaries, and other essential costs, ensuring that the business can continue to operate even if the owner is unable to work due to a disability.

This coverage allows a business to maintain its operations without financial strain, making it particularly valuable during a period when the owner is temporarily unable to contribute actively to the business.

Other types of agreements, while important, serve different purposes. A Buy-Sell Agreement is typically utilized for the transfer of ownership in a business when an owner decides to sell or passes away but does not directly address operational continuity in the case of an owner's disability. A Business Continuation Agreement generally refers to arrangements that ensure the continuation of the business after the exit of an owner, rather than day-to-day operational expenses during a disability. A Cafeteria plan focuses on employee benefits and does not provide coverage for business expenses related to the owner's disability.

Thus, the Business Overhead Expense agreement is the most effective choice for ensuring the ongoing operations of a business when the owner is disabled.