What is the name of the disability coverage that James purchased to cover the business expense of finding a replacement for a disabled employee?

The correct answer identifies a specific type of coverage designed to assist businesses in managing risks associated with the loss of key personnel. Key employee coverage provides financial protection to a business in the event that a crucial employee becomes disabled and is unable to perform their role.

This type of insurance typically covers the costs associated with finding and training a temporary replacement, which helps to maintain business operations and limit the financial impact of the employee’s absence. In this scenario, since James is concerned with covering business expenses related to finding a replacement for a disabled employee, this type of coverage aptly addresses his needs.

The other terms may seem similar but do not specifically refer to the insurance designed to cover the financial implications of losing a key employee due to disability, thereby making them less applicable in this context.