Business Expenses
Business expense insurance reimburses you for those fixed expenses that occur in business if you are off work due to sickness and accident and cannot work. These expenses include regular operating costs of the business you own such as rent, electricity, salaries of employees not generating income, etc.
Business Expense Frequently Asked Questions
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If the expenses are more or less than the benefit amount on your Business Expense policy?
Generally, insurers will reimburse you for the covered expenses for the business actually incurred up to the amount of monthly cover on the policy.
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What if you change business?
Some policies are portable and you can simply apply it to your new business.
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What if the business continues to generate some revenue while you are disabled?
Some policies do not reduce the benefits.
Dudley Wentzel is an Authorised Representative (Number 332920) for Professional Investment Services
A.B.N. 11 074 608 558
Australian Financial Services
Licence No. 234951
Level 14, Corporate Centre
One Cnr Bundall Rd & Slatyer Ave
BUNDALL QLD 4217
PH: 07 5574 0244
Fax 07 5574 3722
Email: info@profinvest.com.au
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