Business Overheads can help with cash flow and can provide much needed funds for business expenses such as:
Accountants’ and auditors’ fees
Electricity, gas and various other utility bills
The business’ rent and property rate
Leasing costs of equipment and vehicles
Salaries of non-income-producing employees
Subscriptions to professional bodies and publications
Net costs associated with employing a locum after the insured person becomes totally disabled to perform the work normally performed by them
Business Overheads is generally owned by the business entity, sole trader or partners (in the case of a partnership). It cannot be held within superannuation.
The premium for Business Overheads is generally tax deductible and paid benefits are treated as assessable income.
All BT Protection Plans provide the following features, to ensure your client is receiving the most value out of their policy:
Worldwide cover – 24 hours a day.
BT Protection Plans PDS (PDF 2.9 MB)
BT Protection Plans Business Overheads Assured TMD (PDF 232 KB)
BT Protection Plans Business Overheads TMD (PDF 231 KB)
BT Protection Plans - Customer Guide (PDF 872 KB)
A target market determination has been made for Protection Plans products. Please visit bt.com.au/tmd for any of our target market determinations.
The Insurer and Issuer is Westpac Life Insurance Services Limited ABN 31 003 149 157 AFSL 233728, except for Term Life as Superannuation, Income Protection as Superannuation and Income Protection Assured as Superannuation, issued by BT Funds Management Limited ABN 63 002 916 458 AFSL 233724 as Trustee of Retirement Wrap ABN 39 827 542 991. They are subsidiaries of Westpac Banking Corporation ABN 33 007 457 141 AFSL 233714, who does not guarantee the insurance. This information does not take into account your personal circumstances. Terms and conditions, and limitations and exclusions apply. Please read the Product Disclosure Statement to see if this insurance is right for you.
© Westpac Banking Corporation ABN 33 007 457 141 AFSL and Australian credit licence 233714