Business Expenses
Business Expense insurance may be just what you need to keep your business afloat while you are out of action due to sickness or injury.
As a small business owner, you may have to make that hard financial choice to keep a roof over your head and the family fed or pay the business bills so it’s still there when you are back on your feet. This type of cover can be the lifeline you need to keep everything together when you need it most.
What is Business Expenses Insurance?
Business Expenses Insurance provides a monthly benefit up to 12 months to keep your business running, should you become totally or partially disabled.
Business Expenses Insurance will reimburse ongoing fixed business expenses or the cost to hire a replacement employee (less any income generated by them) while the insured is disabled due to a sickness or injury.
Business Expense Insurance is best suited for: Sole Traders, Partnerships and Small Business Owners.
Examples of Business Expenses that may be covered.
These include normal day-to-day fixed expenses occurred in the business that will not stop. Such as:
- Rents / leasing fees on business premises
- Leases on equipment
- Motor vehicle leases, registration, and insurance
- Salaries of employees not directly involved in generating income or revenue, including superannuation and payroll tax eg: admin staff.
- Contracted maintenance, advertising, and security
- Telephone, internet, electricity, and gas costs
- Water and property rates and charges
