Business Overheads can help with cash flow and can provide much needed funds for business expenses such as:
Accountants’ and auditors’ fees
Advertising costs
Electricity, gas and various other utility bills
Phones
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:
CPI increases
Guaranteed renewable
Guaranteed upgrades
Loyalty Benefit
Multi-Policy discount
Premium Holiday
Worldwide cover – 24 hours a day.
BT Protection Plans PDS (PDF 2.9 MB)
BT Protection Plans - Customer Guide (PDF 872 KB)