Business Expenses

If you have a small business or are in a partnership, Business Expenses allows you to claim the costs associated with the running of your business, if you are unable to work due to illness or injury.

Business Expenses Cover is designed for small businesses or partnerships. It allows you to claim the costs associated with the running of your business while you are unable to work due to illness or injury.

Approved Expenses

  • Accounting and audit fees
  • Advertising costs
  • Bank charges
  • Business-related insurance premiums excluding premiums for this policy
  • Couriers
  • Depreciation of equipment/plant
  • Electricity
  • Gas
  • Heating
  • Water
  • Telephone
  • Cleaning and laundry costs
  • Postage and handling
  • Employment of a locum
  • Leasing costs of plant and equipment
  • Motor vehicle costs
  • Property rates and taxes
  • Publications and subscriptions to professional associations
  • Rent and the interest component of any mortgage or loan payments, relating to the business.
  • Salaries and other related costs (e.g. payroll tax, superannuation contributions, FBT) for non-income generating employees of the insured person’s business.
  • Such other fixed expenses incurred in the day to day running of the insured person’s business.

Shared expenses are apportioned based on your earned income as a proportion of the total earned income of all those people who are sharing expenses. Prepaid or accrued business expenses will be apportioned over the period to which they relate.

Your Lloyd's Insurance Adviser will assess your situation and help you select the right insurance based on a range of factors including the size of debts, size of your family, your budget and your lifestyle.

Included in your personal assessment is a fast and accurate comparison of suitable products from the huge range available from major insurance companies.

Match your Situation with the correct Insurance for your family's needs

For a personal Insurance assessment that will match your situation to the Insurance products which are in your best interest, talk to your local Lloyd's Insurance Adviser, or call us at any time on 07 572 1599 (+64 7 572 1599).