Business Expense Insurance 

Protecting your business and cash flow.

If you’re self-employed, running your own business is challenging at the best of times – and as you know, at the end of the day it’s all up to you.

But if you suddenly had a serious illness, accident or injury that stopped you from doing the tasks that generate the income, or make your business successful, normal business operations would be seriously impacted in just a matter of days.

Having a strategy to keep your business going makes good financial sense. Business Expense Insurance (sometimes known as Business Overhead Insurance) is designed to cover the usual fixed expenses incurred in maintaining a small business in the event you are unable to work (and therefore generate revenue) due to an injury or sickness.

Business Expenses Insurance covers:

• Non-income producing employees’ salaries.
• Premises rent and outgoings.
• Equipment expenses and lease payments.
• Other types of insurance payments.
• Interest on your business loans.
• Everyday business overheads such as electricity and cleaning.
• Cost of a locum or temp to keep the business going while you recover.

It is normally only payable for up to 12 months and is useful for self-employed persons or those operating small businesses. Business Expenses Insurance works hand in hand with income protection insurance. Business expenses are usually defined as:

Note: Not all expenses are allowed if working from home*.

Want free advice on Business Expense Insurance? Call us on (03) 9890 3388 to book an obligation-free appointment, or get a free online quote now.

The information contained in this outline is of a general nature only. It has been prepared without taking into account any individual's objectives, financial situation or needs. Before acting on this information, you should consider the appropriateness having regard to your own objectives, financial situation and needs.