Business Expenses insurance is a financial back-up plan for your business. It pays an ongoing monthly amount if you can’t work due to a serious illness or injury. It gives you the confidence of knowing that you’ve got a plan in place to keep the business running if you’re unable to work.

Business Expenses insurance covers your fixed business costs, as a monthly reimbursement, so you can focus on your recovery – and not worry about your bills.

Product at a glance

  • Provides you with up to $25,000 per month to cover your regular and recurring business expenses.
  • These include the ongoing wages and superannuation costs of your non-income producing staff.
  • Allows you to pay office or shop rent and other office expenses while you are off work.
  • Premiums are usually tax deductible.

FREE Life Insurance Analysis Report

Includes:

  • Your Life Insurance needs
  • Your cover options
  • Descriptions of all covers

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Why choose NobleOak Business Expenses?

Flexible payment options

Worldwide cover
24/7

Guaranteed
renewability

Inflation
protection

30 day money
back guarantee

About our Business Expenses insurance

Comprehensive Business Expenses Insurance for the financial security of your business

Monthly benefit up to $25,000 ($300,000 per annum).

Covers illnesses and injuries occurring during the period of the policy.

Fully underwritten. We assess your health upfront so you know exactly what you’re covered for.

Partial Disablement Benefit included (a reduced proportionate benefit is still available if you return to work in a reduced capacity).

Guaranteed renewability of cover until age 65.

Premiums are usually tax-deductible.

Waiver of premium while on claim.

Backed by the third largest global re-insurer, Hannover Life Re.

You need to be an Australian resident between the minimum and maximum ages shown in the below table to be eligible for NobleOak Business Expenses Insurance.

Type of
insurance

What you are covered for

Minimum
age at entry

Maximum
age at entry

Cover
expiry age

Life insurance

Choose up to $15m cover in case you die or become terminally ill, helping you clear your debts and support your family

16

69

99

Total and Permanent Disability
(TPD) insurance (Optional)

Choose up to $5m cover in case you’re never able to work again because of sickness or injury, helping you modify your home, replace lost income and clear debts.

16

64

75

Trauma insurance
(Optional)

Choose up to $2m cover in case you suffer a serious listed medical condition, helping you pay your treatment expenses and adjust your lifestyle.

18

59

70

Income Protection
insurance

Choose cover of up to 75% of your income (max $25,000 per month) in case you can’t work due to sickness or injury, helping you to support your family and cover essential living expenses.

18

59

65

Business Expenses
insurance

Choose cover up to $25,000 per month in case you can’t work due to sickness or injury, helping you cover the fixed costs of running a business.

21

59

65

About Business Expenses insurance

What is Business Expenses insurance?

Business Expenses insurance is a financial back-up plan for your business. It pays an ongoing monthly amount if you can’t work due to a serious illness or injury. It gives you the confidence of knowing that you’ve got a plan in place to keep the business running if you’re unable to work.

Business Expenses insurance covers your fixed business costs, as a monthly reimbursement, so you can focus on your recovery – and not worry about your bills.

How does Business Expenses insurance work?

Business Expenses insurance provides you with up to $25,000 per month to cover your regular and recurring business expenses. These include the ongoing wages and superannuation costs of your non-income producing staff. It also allows you to pay office or shop rent and other office expenses while you are off work.

Premiums are usually tax deductible.

Is NobleOak Business Expenses insurance purchased with Life cover only – or stand alone?

NobleOak Business Expenses insurance is available both with Life insurance and as stand-alone cover.

How can I reduce the cost of Business Expenses insurance?

Here are a few options to consider:

  • Opt for the premium freeze benefit, provided with NobleOak Business Expenses insurance. This means that you can fix the cost of your cover at any time. Your future premiums will be fixed at the amount you were paying on the date of notification and each year your cover amount will be adjusted to the amount of cover that can be purchased for the frozen premium.
  • Consider reducing the monthly benefits if the main expenses of the business have reduced since you commenced the cover.
  • Select a longer waiting period. NobleOak offers waiting periods of, 14 or 30 days, the longer the waiting period the lower the premium.

Will I need to do a medical test?

Generally, there are no mandatory medical requirements when applying for NobleOak Life Insurance. However, this is dependent on your age, the sum insured that you are applying for and also your medical history. If medical details are required these are  all organised and paid for by NobleOak.

Am I covered if I am overseas?

NobleOak offers worldwide coverage, however travel exclusions may apply based on your individual circumstances; this  will be determined during the initial application process.

At what age can I apply for Business Expenses insurance?

You can apply for Business Expenses insurance from the age of 18 up to the age of 59. Please note that the expiry age for NobleOak Business Expenses insurance is 65.

More Frequently Asked Questions

Obtain an obligation free quote or apply 1300 041 494

What do our clients think?

Images have been changed for privacy reasons.

“Staff were very good, patient and knowledgable. Couldn’t do enough to help.”

Alex S.
(March 2017)

“Was an easy process with helpful staff to make it even easier. Would recommend it to anyone considering any form of insurance.”

Nathan B.
(March 2017)

“From quote to contract, excellent service.”

Robert G.
(March 2017)

“Very helpful and easy to understand also. Loved the quote price.”

Anthony D.
(November 2016)

“Thank you so much to the team at NobleOak. NobleOak helped me every step of the way and even managed to save me over $50 per month. I was very happy with the service and attention to detail your team provided.”

Heather W.
(January 2017)

“I’m saving about $50 per month. NobleOak serviced my application quickly without any hassle, they had it up and running within 48hrs and documents to me within a week of my application, very happy to be with them.”

Grant S.
(January 2017)

View all our latest testimonials to see what our clients are saying about us!

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