But, you may ask, what happens if you’re unable to work?  How do all the fixed business expenses get paid?  You’ve got commitments with rent and staff!  What can you do?

Business Expenses insurance – what is it?

So, if you’re self-employed or have a small business, you can be reimbursed for particular business expenses incurred while you’re totally or temporarily disabled – (up to your insured monthly benefit amount for up to 12 months).  This ensures that you can keep the doors open whilst you recover.

Don’t forget, if there is more than one owner, you will receive your share of the covered business expenses.

What are the key features of Business Expenses cover?

• You will receive a monthly benefit for up to a year for certain business expenses that are incurred should you become totally disabled
• You can also choose a waiting period of either 14 or 30 days
• If you’re on claim the premiums are automatically waived while you’re receiving benefits
• Recurring disability benefit continues a previous claim with no new waiting periods if the same disability recurs
• Make sure you go for Increasing Cover, so keep in line with inflation
• And, as a bonus, it’s generally tax deductible!

Do you need Business Expenses insurance?

So, consider Business Expenses insurance if you:

• have a business or are self-employed.
• You have recurring business expenses like rent, non-income producing staff, accountancy and fixed business overheads.

To get further information with regards to Business Expenses cover, please do not hesitate to reach out for a chat using the form below.