Who can apply
Australian residents between the ages of 21 and 59 can apply for NobleOak Business Expenses Insurance.
Cover that saves on premiums
and could save your business.
Fully underwritten cover means ‘no surprises’ at claim time
Cover to keep your business operating
Premiums are usually tax deductible
Partial disablement benefit
Personal claims support
Benefit period of 12 months
It’s a smart way to keep your doors open and your employees paid until you can return to work. And it’s even smarter when you buy directly from NobleOak, with high cover levels, fully underwritten cover and no upfront commissions to financial advisers.
You can apply for up to $25,000 per month cover, without having to go through a financial adviser.
We don’t pay fees or upfront commissions to advisers which means lower premiums for you.
We take the time to get to know you upfront, so we can tailor your cover and premium. Giving you more certainty at claim time.
A reduced monthly benefit is available if you return to work in a partial capacity.
No one likes filling in long forms. That’s why we provide an easy application process over the phone, taking on average 20 mins.
If you or your family make a claim with NobleOak, you’ll be dealing with a friendly, Australia-based claims consultant from start to finish. We’re here to make the process easy for you.
Our Life Insurance products are backed by a leading global re-insurer, Hannover Life Re. In 2016, Hannover Life Re paid out globally over $7.7 billion^ for Life and Health Insurance claims (and related expenses).
One of NobleOak’s friendly insurance specialists will give you an obligation free Life Insurance quote over the phone.
If you’re happy with the quote, you can apply immediately either over the phone or book a time for a call back.
We’ll assess your application. If you need medical tests we’ll pay for them and update you during the process.
Business Expenses Insurance pays a monthly amount if the insured person becomes unable to work due to a serious illness or injury. That money is typically used to pay for the fixed costs associated with running a business, including rent, utilities and non-income producing staff wages and superannuation.
You can apply for Business Expenses Insurance as stand-alone cover, or bundle it up with other cover types – including Life Cover, Total and Permanent Disability (TPD) Insurance and Trauma Insurance. Once you’re accepted for Business Expenses Insurance, we guarantee to renew your cover up to age 65, as long as your premiums are paid.
Your premium is calculated based on your age and gender, level of cover, occupation, and your answers to the health and lifestyle questions we ask when you apply. It’s tailored to you, so you don’t have to worry about paying more to compensate for other people’s risks.
If you have copies of any of your recent medical records, or blood test results and details of any prescription medicines you are taking, this will speed up the application and assessment process. We will also need to know details of your fixed business expenses. Many clients are able to answer all of the questions in our application without additional requirements.
No, all NobleOak applications are fully underwritten at the time you take the cover out.
As long as you fully and correctly disclose your medical history and other details in the application, your claim will be assessed based on this information and processed efficiently. Apart from the industry standard 13 month intentional self injury or attempted suicide exclusion, there are no other pre-built in exclusions in NobleOak Business Expenses Insurance.
If any Special Acceptance Terms are imposed on your cover, we tell you about these at the time of your initial assessment (underwriting stage) and formally agree these with you prior to issuing your cover.
We firmly believe this is the best way to provide Business Expenses Insurance as it provides more certainty and clarity for you and your family.