Business Expense Policy
Business expense insurance allows you to insure up to 100% of allowable business expenses which your business would incur if you were temporarily unable to work. These fixed costs may include: rent, electricity, staff wages, leases & loans, telephone and accountancy fees etc.
Commonly, this will be taken our by self-employed or small business operators so as to ensure that they have a business to return to, or can continue so as to be sold if they are off work for an extended period.
Business Expense benefits typically include:
- Peace of mind that your business can continue if you’re disabled
- 100% maximum monthly benefit
- 1 year benefit period
- Waiting periods of 14 days or 1 month
- Tax deductible in certain circumstances