What happens if you are self employed or in a partnership, and you are unable to work?
Not only does your income take a hit, but so often does the revenue of the business, while the expenses associated continue on.
Business expenses insurance is designed to reimburse your business for the business expenses due when you are unable to work due to illness or injury.
So who are the “key people” in your business, and what would happen if they weren’t able to be there for a period of time?
Have this discussion with your Nextplan adviser and implement an appropriate strategy to help minimise this risk.