Business Expense Insurance

Business expenses is appropriate for a small business owner, as it will pay a monthly benefit to meet the fixed expenses of running your business while you are unable to work due to sickness or injury. Generally, the benefit is only payable for up to 12 months. Typical business overheads such as staff wages, rent, utilities etc. can be paid to the business as reimbursement for those overheads. Usually however expenses such as your own remuneration, loan repayments and some other expenses will not be covered.

Your sum insured will assist the cash flow of your business during your time of need. Despite your absence from the business you will receive financial assistance to meet the day to day operational costs of your business. The premiums are tax deductible under current legislation.

This information is of general nature only and is not intended as a personal advice. It does not take into account your particular investment objectives, financial situation and needs. Before making a financial decision you should assess whether the advice is appropriate to your individual investment objectives, financial situation and particular needs. We recommend you consult a professional financial adviser who will assist you.