Nobody enjoys paying for insurance. However, it’s extremely important and is a safety net not only for you, but your business, it’s staff and your family.
There are 4 methods in which you can ease the cost of insurance, these include:
As a business owner, when you purchase insurance through superannuation, the contributions that you make that pay the insurance premiums are tax deductible. This can make it cheaper after tax benefits to insure through super, or allow you to have a higher level of cover.
There are two types of business insurance that can be purchased using superannuation, including keyperson insurance and for partnership protection.
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