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Income Protection Insurance for Business Owners


When you are an owner of a small business your most important asset is you. Make sure you protect yourself properly with Income Protection insurance. 

  • income protection – coverage for you and your family should sickness or injury temporarily stop you from working. A monthly income is paid to you to assist with your expenses in the short term
  • total and permanent disability – a lump sum payment made to you, or your legal representative, to help your family should permanent disability stop you from working again
  • death cover – a lump sum payment to your dependants in the event of your death
  • trauma – a lump sum benefit on diagnosis of a specified event. It’s designed to help people financially following a trauma or crisis such as a heart attack, stroke, cancer or other life threatening condition.
 

How much insurance is enough?

The amount of insurance you need depends on your savings and assets, expenditure, number of dependants and the timeframe for when a replacement income would be required. An accurate assessment of your income is essential as this is what you and your family will need to live on if an accident does occur.

Speak to your financial adviser about how much insurance is suitable for you. They can provide insights into tailoring the right coverage for life events that you may face, and how it can be paid for in the most tax-effective way. If you don’t have an adviser, start a conversation with us and we can put you in touch with one.


 
Contact
1800 762 872