Business Expenses insurance is a financial back up plan for your business.
When you're self-employed, you don’t think twice about insuring business assets such as premises, stock, plant and equipment. But what about the most critical elements of your business – yourself and your financial commitments?
Business Expenses insurance means that the fixed expenses of your business will still be paid even if you cannot work due to injury or sickness.
It gives you the confidence to seize life's possibilities knowing that you've got a plan in place to keep the business running if you're unable to work.
Business Expenses insurance covers your fixed business costs, as a monthly reimbursement, so you can focus on your recovery - and not your bills!
It includes but is not limited to
>> Office rent or fees plus interest on your property loan
>> Leases on cars, plants, equipment or machinery
>> Insurance and security costs
>> Utility Bills
>> Salaries and staff superannuation (for employees who don't generate any business revenue)
>> Costs of a locum to help out while you focus on getting better
>> Accounting and audit fees
>> Regular advertising costs, postage, printing and stationery
>> Electricity, gas, heating, water, telephone and cleaning costs
>> Security costs
>> Rent, property rates and taxes
>> Membership fees, publications and subscriptions to professional bodies
>> Bank charges and interest on business loans
>> Business-related insurance premiums but not including premiums for this policy
>> Salaries and other related costs (e.g. payroll tax, super contributions) for non-income generating employees of your business