Business Risk Planning - Axiom Risk
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Business Risk Planning


Failing to protect their business and their income is a common mistake many self-employed people make. Taking out Business Expense Insurance ensures your business continues when you, your business partner or key employee is unable to work because of injury or illness.


Think of Business Expense Insurance as your business back up plan. It can provide you with a monthly benefit for up to 12 months to cover your fixed business expenses if you are unable to work because of a serious illness or injury. This benefit provides financial support to keep your business running until you recover and can be used for:


  • Office rent or fees plus interest on your property loan
  • Leases on cars, equipment or machinery
  • Insurance, security, and repair and maintenance costs
  • Utility bills
  • Salaries and staff super (for non-income producing staff)
  • Cost of a hiring a replacement


Only 25% of business owners could maintain their lifestyle for more than six months if they suffered serious illness or disablement*


*‘Missing out on valuable tax break’ – Investment and Financial Services Association, August 2006