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

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94% of claims accepted and $121m paid to customers from 1/7/22 - 31/6/23

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

Monthly benefit

This is to help you run the business if you are injured or ill and unable to work

Recurrent disability

Restarts your benefit immediately if you suffer the same disability within 12 months

Payment while overseas

You’ll get this if you’re disabled while out of the country

Inflation adjustment

Each year your sum insured can be increased without the need for further medical or financial underwriting

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.

Business Expenses Insurance

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If you would like to know more about Business Disability Insurance we can put you in touch with an adviser who can explain the different options available.

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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

Business Disability Insurance brochure

Request a Business Disability Insurance Summary

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.