Business Expense Insurance

 

What is Business Expense Insurance?

 

Business expenses insurance covers the fixed costs of running a business if the owner is temporarily unable to work due to ill-health. It covers costs including staff salaries, rent, business mortgage payments, utilities and rates.

 

Business expenses insurance premiums are tax deductible to the business and the proceeds form part of the business’ assessable income. There are no capital gains tax implications. Business expenses insurance is usually owned by the business, however the business owner(s) can also own the policy.

 

 

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Phone (03) 52 615 557 | Mobile 0409 253 429 | Email advice@twomilebay.com.au
 

 Two Mile Bay Pty Ltd is a Authorised Representative of Millennium3 Financial Services Pty Ltd. Australian Financial Services Licensee—Licence Number 244252. For Financial Services Products only. For Australian Residents Only. This information (including taxation) is general in nature and does not consider your individual circumstances or needs. Do not act until you seek professional advice and consider a Product Disclosure Statement.