Business Overheads Cover

Specifically designed for small business owners and those who are self-employed, Business Overheads Cover looks after the regular, fixed operating expenses of your business if you can’t work due to sickness or injury.

Such costs can include:

• rent
• mortgage payments
• property rates and taxes
• electricity, telephone and other utility expenses
• cleaning and laundry
• remuneration and associated costs of non-income generating employees
• principal and interest repayments under a loan for the purpose of the business
• leasing costs of equipment or motor vehicles
• business insurance premiums
• accountancy fees
• subscriptions to professional associations

This policy can be purchased on its own or packaged with Income Care or Income Care Plus. If Business Overheads Cover is taken as part of such a package, a 10% discount applies to the annual Business Overheads Cover premium.

Other benefits

In addition to the core cover benefits, other features of this policy include a waiver of premium while you receive certain benefits, cover that is aligned with indexation, free accidental death cover after three years and an optional cash back option that pays back certain premiums when the policy ends without a claim after three or more years of cover.

Applying for Business Overheads Cover

• Contact your adviser
• Speak with a Customer Service Consultant on 13 10 56 from 8am to 8pm (EST), Monday to Friday
• Drop in to a Commonwealth Bank branch and speak with a Commonwealth Financial Planner.

• Important Information
  Please refer to the relevant Product Disclosure Statement for full details of these benefits and when they are payable.
  
  As this advice (including the statements on taxation which are based on present taxation laws, rulings and their interpretation) has been prepared without considering your objectives, financial situation or needs, you should, before acting on it, consider its appropriateness to your circumstances. You should seek advice from your taxation adviser in relation to taxation matters.
  
  Income Care, Income Care Plus, Business Overheads Cover and Essential Cover (Income Protection), Life Care, Total and Permanent Disability Cover (TPD Cover) and Trauma Cover form part of CommInsure Protection. CommInsure Protection is issued by The Colonial Mutual Life Assurance Society Limited ABN 12 004 021 809 (CMLA).
  
  CMLA and the Trustee are wholly owned subsidiaries of Commonwealth Bank of Australia ABN 48 123 123 124. Commonwealth Bank of Australia does not guarantee the obligations or performance of CMLA or the Trustee or the products they offer.
  
  A Product Disclosure Statement (PDS) describing CommInsure Protection is available from your Financial Adviser, by downloading it from this website or by calling 13 10 56 (from overseas call +61 13 10 56) and should be considered in making any decision about these products.