Of the 1.9 million Australians who own and operate one or more businesses, only 18,300 are covered by business expense insurance.
What happens to your business when you are sick or hurt and cant work?
For self-employed clients or those in a small partnership, income protection insurance only provides half the necessary protection in the event of illness or injury.
If you run a small business, chances are that if you were not there, your income would suffer dramatically. If you have staff, invoices, rent, etc; Would that stop? No. What do you have in place that if you are off work for the medium to long term (eg; injury or major illness)? Do you want your business to be there when you get back?
That is why business expense insurance – in addition to income protection – is fundamental to ensuring the continuity of your business.
Even the smart people who insure their income with income protection forget that there are a range of other expenses involving the business that are not covered, leaving a gap in your protection.
Features of a business expenses protection policy:
Insuring your Business income offers innovative, comprehensive and great value Business Expense Insurance which includes features such as:
· No requirement to provide financials in the first three months of a claim.
· A built-in payment extension benefit that allows your clients to claim for longer than 12 months, if the entire benefit amount has not been exhausted.
· A built-in lease extension benefit where the insurer will pay an additional benefit for up to 18 months if you are still totally disabled at the end of the benefit period.
Talk to one of our experienced staff today by calling 1800 674 435