Business Expense Insurance: Protecting What You've Built

As a business owner, you're not just protecting an income - you're safeguarding your dream, your employees' livelihoods, and years of hard work. But what happens when illness or injury forces you to step away from your business temporarily?

The Reality for Small Business Owners

Over 60% of Australians will be off work for more than one month during their working life
More than 25% will be disabled for more than three months
Most business expenses continue even when you can't work
Personal Income Protection alone may not be enough

"I Have Income Protection - Isn't That Enough?"

Consider Malcolm's story*: A successful glazier earning $10,000 monthly had Income Protection covering 75% of his income ($7,500). After a sporting injury took him out of work for six months, he discovered his Income Protection didn't cover:

Equipment lease payments
Staff wages
Rent and utilities
Professional memberships
Business loan repayments

Result: After paying business expenses, Malcolm was left with just 51% of his pre-disability income for his family's needs.

What Business Expense Insurance Protects

This specialised cover helps pay your fixed business expenses when you can't work due to illness or injury, including:

Rent and property expenses
Employee salaries
Equipment leases
Utility bills
Professional memberships
Accounting and audit fees
Business loan interest
Marketing costs

Real Protection in Action

Jenny's Case Study*: A private dental practice owner suffered a broken arm requiring six months' rehabilitation. Her Business Expense Insurance meant:

Rent on her surgery continued to be paid
Her dental assistant and receptionist kept their jobs
A locum was funded to maintain patient care
Her business survived to welcome her back *Names changed for privacy

Expert Tip: Business Expense vs Income Protection

As a Certified Financial Planner, I often see business owners relying solely on Income Protection. Here's why you need both:

Income Protection replaces your personal income
Business Expense Insurance keeps your business running
Together, they protect both your family and your business

Making It Affordable

Business Expense Insurance premiums are typically:

Tax deductible as a business expense
More affordable than you might think
Customisable to your business needs
Available with flexible waiting periods

Smart Policy Features

Look for policies that offer:

Locum cover to maintain business operations
Partial payment options for partial disability
Indexation to keep pace with rising costs
Guaranteed renewability

Take Action Today

Don't risk everything you've built. Contact me on 0411 519 209 for a personalised discussion about:

Your specific business protection needs
Cost-effective coverage options
Integration with your personal insurances
The best structure for your situation

Let's ensure your business survives and thrives, even when you need time to recover.