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Sadly many people insure their house, car and lives, but don’t insure their most valuable asset – their ability to earn an income.

Along with your health, your ability to earn an income is probably the most important asset you have right now. What would you do if a serious illness or accident stopped you from working for the next couple of months, or maybe years? How long would you last if you were unable to work, and who would this effect? How would you meet your mortgage payments, pay school fees, run your car and cover the cost of every day living – like food, phone and power? Not to mention the additional medical expenses that you’re likely to face.

Although this is a hypothetical story, if you run a small business there is every possibility your business operations could be hugely effected by your unexpected injury or illness, impacting significantly on your business productivity and income.

What is Business Income Protection?
If you operate your business from home, Business Income Protection insurance protects your income in the case of unexpected injures or illness which leads to interruption of your regular income.

With Business Income Protection Cover:

• You’ll get a set weekly amount if you’re injured or become ill and are temporarily unable to do any of your work
• A lump sum is payable if you have an accident in which you die or become permanently disabled
• You’re covered for the medical expenses you can’t claim from any other insurer (such as ACC or medical insurance) if you’re ill or injured and unable to work, or permanently disabled ( a limit of $5000 applies )
•  You can also cover specified employees who are essential to the operation of your business.

Feeling secure with Business Income Protection
The value of Business Income Protection can’t be stressed enough. You may have insurance cover to repair or replace lost assets but unless you have Business Income Protection you have no cover to replace lost income. This cover is ideal for those who are self-employed and operate their business from home. For more information on Business Income Protection insurance, call your business insurance expert.