Business Expense insurance will pay a monthly benefit that reimburses a number of defined or allowable business expenses. Cover is provided for in the event that the insured person is unable to work and therefore unable to produce an income to pay the expenses.

 

The following highlights a number of business expense items that can be covered:

• Rent for premises and equipment
• Insurance premiums for the business
• Repairs and maintenance
• Gas, Electricity and Water payments
• Telephone
• Salaries for employees 

Also, the premiums paid for this insurance are generally tax deductible, as it is a business expense.