To ensure that the fixed costs of a business are paid in the event of one of the main income producing employees were sick or disabled.
How does it work?
Business expenses insurance pays a monthly benefit to cover the regular fixed operating expenses. The benefit is provided directly to the business. It is generally suited to a smaller business with only a few income producing employees.
How do I calculate how much I need?
There are many fixed costs that this form of insurance can cover such as rent, utilities, accounting fees, leasing of equipment and salaries for non-income producing employees. We generally use your profit and loss statement to determine the exact benefit for you so that you aren’t paying for something that you will never receive.