Keep your business running while you recover
Running a business comes with ongoing financial commitments, from rent and utilities to staff wages and loan repayments. If illness or injury prevents you from working, these expenses don’t stop, placing financial strain on your business.
Business Expenses Cover provides financial support to cover essential operating costs while you recover, ensuring your business remains stable until you’re ready to return.
At Abbotts, we help business owners find tailored Business Expenses Cover solutions that align with their financial needs, ensuring continuity and peace of mind.
What is Business Expenses Cover?
Business Expenses Cover is a type of insurance designed to cover fixed operating expenses if you are unable to work due to illness or injury. It provides a monthly benefit that can be used to pay for essential business costs, allowing you to focus on recovery without financial stress.
What expenses does it cover?
- Rent, lease payments, and utility bills
- Employee salaries and superannuation contributions
- Business loan repayments and interest costs
- Accounting, legal, and administrative expenses
- Equipment leasing and maintenance costs
- Business insurance premiums
This ensures that your business remains financially stable and operational until you can return.
Why Business Expenses Cover matters
If you are self-employed or run a small business, your ability to work is often the backbone of your company’s income. Without Business Expenses Cover, a temporary inability to work could lead to unpaid bills, staff layoffs, or even business closure.
Key benefits of Business Expenses Cover:
- Ensures business continuity by covering essential expenses while you recover.
- Protects your business’s financial health by preventing cash flow disruptions.
- Gives you time to recover without rushing back to work due to financial pressure.
- Flexible use of funds so you can allocate payments where they’re needed most.
- Short-term protection tailored to cover costs for the duration of your recovery.
This cover provides a financial safety net, ensuring that illness or injury doesn’t force your business into financial hardship.
How Abbotts can help
At Abbotts, we specialise in tailoring Business Expenses Cover to suit your company’s specific needs. Our independent advisors work with multiple insurers to find the best coverage options for your industry, business structure, and financial circumstances.
Our approach includes:
- Assessing coverage needs based on your business size and expenses.
- Comparing policies to secure the most suitable coverage at competitive rates.
- Structuring flexible solutions that integrate with your broader financial strategy.
- Providing ongoing reviews to ensure your coverage remains relevant as your business grows.
With independent, expert guidance, you can ensure your business is protected, allowing you to focus on recovery.
Frequently Asked Questions
Business owners, self-employed professionals, and sole traders who rely on their ability to work should consider this cover to protect their business from financial disruption.
Policies typically provide coverage for up to 12 months, depending on the insurer and your chosen benefit period.
The amount is based on your business’s fixed operating expenses. Our advisors can help assess your business’s financial needs to determine the right coverage level.
In many cases, premiums for Business Expenses Cover are tax-deductible. We can provide guidance on how this applies to your business.
Yes, it can be structured alongside Income Protection Insurance to provide comprehensive financial security.
Protect Your Business from Unexpected Interruptions
Your business depends on your ability to work. Business Expenses Cover ensures your company remains financially stable while you recover, keeping your operations running smoothly.
At Abbotts, we provide independent, tailored advice to help you secure the right coverage for your needs. Contact us today to speak with a trusted financial advisor and explore Business Expenses Cover solutions that protect your business.
