Business Expense Insurance
Small Business Insurance
Business Expenses insurance is like Income Protection for your business.
It enables your business to continue to operate if you are temporarily disabled and
unable to work.
If a business owner becomes ill or injured and is unable to work, business expenditures insurance pays a monthly payout – often for a maximum of one year – to cover fixed
business costs.
This means that a business owner will not have to dip into their savings or take on more debt while they are recovering in order to pay the company’s costs and keep it afloat.
Small businesses that depend on the owner’s working ability and have large fixed costs such as rent or loan repayments may find it to be very helpful.
Not sure what type of insurance you need?
Not sure what is involved or not sure of the cost?
Book a call and we can show you how easy it is to get the right insurance covers in place.
Small Business Insurance
If you or your business stops operating, your income might be covered by Income Protection, but if the ongoing expenses of the business (for example rent, business mortgage or loan repayments, equipment leasing costs and utilities payments) aren’t covered, the owner might need to use the income protection proceeds to pay those, to keep the business out of bankruptcy.
Ideally, a business owner will have different insurance covers in place to cover all areas of personal cover and business cover.
We can organise insurance so that the business’s net profit is covered by income protection, any loans covered by life insurance (possibly with some TPD cover) and the businesses expenses covered by business expenses insurance.
Make sure you speak to Insurance Matters QLD before you make any business insurance decisions.
