Business owners insurance...

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so is this normal? are officers always excluded?

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This is how I have seen it for the company I work for (Officer and i review/sign all of the policies).

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is there options out there?

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Business interruption that covers lost revenues/gross profit? It won't directly address the salaries for owners/officers; but by replacing a portion of the lost revenues, you can use that income to pay owner/officer salaries.

Edit: I am guessing this is an option. We do not have business interruption because the owner thought it was a waste of money (kicking himself after Ida) the cost of adding it would have increased our policy by 60%. Therefore, I have not fully vetted all of the coverages

Was a cpa for 5 years and did quite a few of these calcs for state farm at a big firm. Hated it and became a lineman so as of now I barely know what I'm talking about.

You may not receive a payroll reimbursement but probably will receive it as lost profits. You are basically redirecting profits to you personally but at end of day, it's all you. In lost profit and valuation work, owner salary is added back to net income. You wont get it on the employee side but will be on the profit side. Your salary is totally discretionary, that's why it makes no difference what side it comes from and the result should be the same regardless if you receive a salary or not.

Get a new agent. Your agent isn’t giving you all your options because they don’t feel like doing the work to find what you’re looking to find.

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Thank you and that makes sense, wish my agent could explain a little better, maybe time for a change?

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But do you have that coverae? That’s the entire point? Is you need to cover gross profit or lost revenue, not just payroll costs?

I’ve had 15 BI claims clients were paid on for Laura alone. Sure, they’re more expensive, but it’s the agents job to quote him out one if he’s asking. It might be out of his price range, but they definitely exist.

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I’ve had 15 BI claims clients were paid on for Laura alone

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That's great and all, but how many do you have written at any given time? If you have 1000 and 15 were written that's crap, if you had 20 and 15 of them were paid that's worth something.

I agree with the above though, there's plenty of Agents that have their bread and butter and don't care to help with other policies. I'm not saying its most, or a majority, or a significant amount. But its not an insignificant amount.