Almost every firm will have key personnel whose absence would have a direct impact on the income of the business. Smaller companies in particular may be significantly affected by the long term absence of one of their key individuals.
Business overheads insurance could help you to meet your ongoing business expenses if you are unable to work due to sickness or injury.
The annual policy provides a weekly benefit to help with cash flow and fixed expenses such as:
- Staff Costs
- Utility Bills
- Equipment Leases
- Vehicle Leases
- Insurance Premiums
Alternatively the money can be used to cover the cost of a locum to generate the income necessary to keep the business going. Business overheads insurance also provides cover for those out of the blue scenarios such as a family bereavement or jury service.