BUSINESS EXPENSE COVER

Any business owner knows that time, effort, and sacrifice are just a few of the ingredients needed to operate and scale their business. Hardworking self-employed Aussies don’t think twice about insuring their vital business assets, such as their vehicle, equipment and their premises of work. Often however, people forget to ensure the most critical part of their business, themselves and their financial commitments.

How Does Business Expense Cover Work?

Business Expense Insurance ensures that the fixed expenses of your business will be paid if you are unable to work due to sickness or injury.

Provides a monthly benefit for up to 12 months to keep your business running, in case you become totally or partially disabled.

These are some examples of the regular operating expenses of your business that are covered under this benefit:

Accounting and audit fees

Regular advertising costs, postage, printing, and stationery

Electricity, gas, heating, water, telephone and cleaning costs

Rent, property rates and taxes

Membership fees, publications and subscriptions to professional bodies

Net costs associated with employing a replacement

Leasing costs of plant and equipment

Bank charges and interest on business loans

Business-related insurance premiums but not including premiums for this policy

Salaries and other related costs (e.g. payroll tax, super contributions) for non-income generating employees of your business