Business Overheads Insurance
What is Business Overheads Insurance?
This is a specialised form of risk insurance designed for people who are self-employed or in a partnership. It provides for a regular payment to cover the costs of running the business should you be unable to work for a period due to sickness or injury. Payments are only ever made in accordance with the Insurers policy terms and conditions.
The payment is usually based on an 'indemnity' basis; that is, it is paid for expenses necessarily and actually incurred, for example, rent and electricity.
Why do you need Business Overheads Insurance?
- Your business will continue to generate expenses even if you’re not working.
- You need your business to keep operating.
- You don’t want to have to sell your business.
- You don’t know when illness or injury might occur.
- You need funding for a locum.
If you would like to find out more about Business Overheads Insurance you can contact us here.