Emile 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. Alexandre suggests 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 the circumstances. What should Alexandra add to make sure her recommendation meets the needs of these two business owners? Oa) Critical illness insurance. Ob) Disability business overhead expense (BOE) insurance. Oc) Insurance that also covers disability for Olivier, since he is a shareholder. d) Nothing, the recommendation is appropriate.
Emile 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. Alexandre suggests 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 the circumstances. What should Alexandra add to make sure her recommendation meets the needs of these two business owners? Oa) Critical illness insurance. Ob) Disability business overhead expense (BOE) insurance. Oc) Insurance that also covers disability for Olivier, since he is a shareholder. d) Nothing, the recommendation is appropriate.
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
Section: Chapter Questions
Problem 1CE
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Transcribed Image Text: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. Alexandre
suggests 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 the
circumstances.
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.
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