What kinds of cover do you need?
Business Expenses Insurance
Designed specifically for self-employed people, Business Expenses Insurance covers you in the event of an interruption to business activity due to sickness or injury. It covers the fixed costs of your business for up to one year. It is Income Protection for your business, so while you are recovering, the funds you receive through your Business Expenses Insurance will cover the running expenses.
Key Person Insurance
Businesses should consider the use of Key Person insurance to compensate the business in the event of financial loss or costs to the business associated with replacing a key employee or business owner should they die or become disabled.
Buy/ Sell Insurance
Buy/ Sell insurance is almost like having a Will in place for the business in the event that the business owner should die, become disabled, suffer a traumatic illness. This insurance enables the business owner to sell his or her interest in the business to the continuing owner/s.
Business Debt Cover
Insurance to cover money owed to banks, finance companies, the ATO, your landlord, staff creditors and suppliers.
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