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Business Disability Insurance
Talk to an Adviser about Business Disability Insurance. They can:
Find the best products for your budget and needs
Provide customised advice and keep your insurance up-to-date
Offer a range of products from different insurers, as they are not Asteron Life employees
97% of claims accepted and $112m paid to customers from 1/7/23 - 31/6/24
What is Business Disability Insurance?
Business Disability Insurance is designed to inject cash into your business in the event that you as the owner, or one of your key employees, need to take time off work due to illness or injury. It’s paid monthly.
Most people use Business Disability Insurance for:
- Hiring a contractor to cover the work that they would normally be doing
- Supplementing some of their lost business revenue
Business Disability Insurance benefits
Optional benefits you can choose to include:
Helps you through your recovery period of part time work until you are able to resume full time duties.
Show us financial evidence of business growth and we'll increase your monthly benefit without needing further medical assessment.
Lump Sum Support when you need it. Receive this benefit if you suffer any of 29 specified injuries (ranging from broken bones to paralysis). The benefit is payable even if you are still able to continue working. Check the policy document for the full list of injuries and payment periods.
Other types of cover
You should also check out Business Expenses Insurance, which can help cover those ongoing costs of staying in business, if you’re unable to work.
Unsure?
Talking to an adviser will help you focus on what’s important to you, and it's even more effective with a little preparation.
Use our handy LifeSnap tool to prepare for your conversation with an adviser so you don't have to think on your feet!
Frequently asked questions
How long would this cover continue to pay out for?
It’s your call. Choose between 6 months or 12 months and for some business situations you can have up to 2 years. There are also circumstances that will allow you to make repeat claims for these periods if you’ve returned to work for a certain period of time after receiving a benefit.
What can it be used for?
It can be used for a cash injection into your business if you or one of your key employees need to take time off because of a covered illness or injury. It can be used to hire a contractor, or supplement any lost business revenue because of your illness.
Resources and forms
Already a customer?
Disclaimer: The information provided above is for general information only, it is not financial advice or personalised to your situation. If you would like advice that takes account of your particular situation, please contact your financial adviser. Full details of policy terms and conditions are available from Asteron Life Limited or your financial adviser. Terms, conditions, exclusions and limits apply. If there are differences between the information provided here and the policy document, then the policy document will prevail. Asteron Life Limited and its related companies do not accept any liability in connection with the information provided.
