Your income Key person protection Business succession protection Business expenses protection

Keep your business running
You’ve probably considered the importance of protecting your income against accident and illness, and taken out income protection insurance. But if you own your own business, what about the impact that illness or injury could have on the very thing that provides this income - the business?

It’s often a mistake to believe that income protection is enough to provide for the financial needs of a family and the on-going expenses associated with running a business.

How does the strategy work?
Business expenses protection is designed for business owners to meet 100% of their share of eligible business overheads should injury or illness render them unable to work. Unlike income protection insurance, where a maximum payment period of up to age 65 is available, the maximum benefit payment period for business expenses insurance is usually limited to 12 months.

After this, the insured person (in conjunction with their doctor) can reasonably determine their ability to return to work. The business expenses benefit can help keep the business afloat during a forced leave of absence and helps ensure that, in the worst case scenario, there is still a business to sell should the need arise.

The benefits
	Helps business owners keep on top of business expenses during a period of serious illness or disability.
	Provides peace of mind knowing that you have put provisions in place to help ensure you have a saleable business asset if you are prevented from returning to the workforce because of your disability.

For more information contact us by phone (08) 8279 3333 or by email