What is Business Expenses Insurance?
Business Expenses Insurance can pay your business expenses for up to 12 months to help keep you – and your business – afloat. If you're a small business owner, your business is probably committed to costs that you would need to pay even if you’re not making as much money as usual.
Most people use Business Expenses Insurance for:
Premises expenses – rent, insurance, rates, security, property repairs and maintenance
Services – phone, gas, electricity, water, cleaning
Equipment expenses – leasing or financing costs, registration and insurance of vehicles/equipment, repairs and equipment
Business Expenses Insurance benefits
This is to help you run the business if you are injured or ill and unable to work
Recurrent disability benefit
Restarts your benefit immediately if you suffer the same disability within 12 months – waiving your waiting period
Restarts your benefit period for a new or related sickness or injury
We'll pay your premiums for six months if you become pregnant
We’ll contribute to your costs to return to New Zealand if you need to claim on your Business Expenses Insurance while you’re overseas
We’ll pay up to 4x the monthly benefit to assist with funeral expenses if you die while receiving a benefit
Each year your sum insured can be increased without the need for further medical or financial underwriting
The above information is about the Asteron Life product on 19/03/2018. There are also optional benefits not noted here