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About business overheads cover

How it works

How it works

  • Designed for self-employed people
  • Covers regular, fixed operating expenses of your business if you can’t work due to sickness or injury
  • Reimburses the lesser of the monthly benefit amount and business expenses incurred in that month
  • They include:
    • Principal and interest payments under a mortgage
    • Principal and interest repayments under a loan for the purpose of the business
    • Business insurance premiums
    • Rent
    • Reasonable book value of the depreciation of plant and equipment
    • Rates
    • Leasing costs of equipment or motor vehicles
    • Accountancy fees
    • Utility charges 

Tax deductibility

Tax deductibility

The premium is generally an allowable deduction from your assessable income under Section 8-1 of the Income Tax Assessment Act 1997.

Customise your insurance

Talk to your financial planner to ensure your insurance meets all your needs and discuss customising your insurance to suit you.

If you don’t have a financial planner, you can talk to one of ours.

  • Make an appointment for a complimentary, no-obligation meeting with a professional financial planner
  • Call 1300 131 103, 8am to 7pm (AEST) business days

Make an appointment

Related products

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Life Insurance

Protect your business against the unexpected death or serious injury of a principal with CommBank’s Total Care Plan range.

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Income Care Plus

Get all the benefits of the Income Care package as well as rehabilitation, crisis, accommodation, family support

Learn more

Talk to us

Call 131056

Call 13 1056

(8:00am-8:00pm AEST, Mon-Fri) 

Explore the Support Community

Explore the support community

Ask questions and get support from experts and customers.


Important information

Please refer to the relevant Product Disclosure Statement for full details of these benefits and when they are payable.
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. Before acting on it, consider its appropriateness to your circumstances. You should seek advice from your taxation adviser in relation to taxation matters.

 Income Protection, LifeBusiness OverheadsTotal and Permanent Disability (TPD) and Trauma form part of CommInsure Protection. CommInsure Protection is issued by The Colonial Mutual Life Assurance Society Limited ABN 12 004 021 809 AFSL 235035 (CMLA) and Colonial Mutual Superannuation Pty Ltd 56 006 831 983 AFSL 235025, the Trustee of the Colonial Super Retirement Fund ABN 40 328 908 469 (the Fund). CMLA is responsible for the administration of the fund and provides insurance benefits to the fund as insurer. 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 online, from your Commonwealth Financial Planner or by calling 13 10 56 (from overseas, call +61 13 10 56) and should be considered in making any decision about these products.

Commonwealth Financial Planners are representatives or authorised representatives of Commonwealth Financial Planning Limited ABN 65 003 900 169 AFSL 231139, a wholly owned but non-guaranteed subsidiary of Commonwealth Bank of Australia ABN 48 123 123 124.