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Why do I need it?
Consider for a moment what your most important business assets are. Your initial thoughts might include the obvious and tangible items, such as equipment, vehicles or property. In many cases however, the most valuable asset is the value of your contribution through your skill, knowledge and motivation to make your business successful. If you take your presence out of the business, the performance of the business would deteriorate; and the expenses of the business would continue .
Business expense insurance offers a valuable solution by reimbursing fixed ongoing expenses while you are off work due to sickness or injury.
Business Expenses Insurance allows you to insure up to 100% of allowable expenses, which your business is likely to incur if you become totally disabled.
Typical business expenses may include:
- office rent;
- leasing costs of equipment or motor vehicles
- repayments for rent or mortgage
- electricity, gas, water and telephone payments
- accountancy fees
Income protection insurance works alongside business expense insurance. While income protection insurance can protect you and your family, business expenses insurance can protect your business.
So if you want to protect the business that supports you, contact us for a free quote now.
Business Expenses
Insurance
Business Expensess Insurance is about protecting your fixed business expenses, specifically for self-employed people and business owners. Most small businesses survival is dependent on an individual's ability to generate income and to meet expenses incurred in the day to day operation of the business.
Business Expenses Protection ensures the continuity of your business, for up to 12 months by providing you a benefit if you are unable to work due to sickness or injury. This means that your business does not have to suffer as well.
Without you, your business may struggle to operate, it's even more important to keep the business going, and therefore you need to not only insure your income but the fixed, regular expenses of the business, as well.