Which of the following expenses would NOT be covered under a Business Overhead Expense policy?

A Business Overhead Expense (BOE) policy is designed to cover necessary operating expenses that a business incurs while the owner is unable to work due to disability or other qualifying events. The purpose of this type of insurance is to help a business maintain its operations during the owner's absence by paying for expenses that continue regardless of whether the owner is actively involved in running the business.

The correct answer pertains to the owner's salary. This expense is specifically excluded from coverage under a BOE policy because it is considered a personal income expense for the owner rather than a necessary business operating cost. While the business may incur various costs that are essential for its functioning, such as utilities, office rent, and employee salaries, the owner's salary is viewed as a personal expense that does not directly support the ongoing operations of the business in the same way that the other listed expenses do.

Therefore, since the owner’s salary does not constitute an operational cost that is necessary for running the business during times when the owner cannot work, it is not covered under a Business Overhead Expense policy. Understanding the distinction between personal income and business operating expenses is critical for recognizing what is possibly covered under such insurance policies.