Business Expenses

The value of Business Expenses Insurance.

If you are a small business owner, disability can have a profound impact on the continuation of your business.

Business Expenses Insurance pays a monthly benefit if due to disability you are unable to work in your business. It assists with the ongoing fixed business expenses that don’t stop, just because you have.

KEY BENEFIT FEATURES

Cover for both capital and interest

 

We allow you to get cover for both capital and interest on your business loans.

Increase your insurance without providing medical evidence

 

With our Future Increases Benefit your insurance cover can keep pace with your changing life, as they allow you to increase your insurance if your share of business expenses increase without the need to provide information about your health.

Enhancements are passed back

 

Our philosophy is to keep our benefits current. Hence, we’ll enhance the Professionals Choice product to reflect changes in society and medical enhancements.

Where enhancements do not result in an increase to your premium rates, we’ll automatically pass them onto you. If the enhancement does result in a premium increase, you will be given the option to apply for the enhancement with a related increase to your premium.

Your insurance is guaranteed renewable each year until expiry

 

As long as you pay your premiums, we’ll continue to insure you with the same or enhanced terms and conditions until expiry. This applies even if you suffer changes to your health, you change occupations (including to non-professional occupations) or you take up different pastimes.

Worldwide Insurance

 

Your insurance covers you wherever you are in the world.

Profit-Share

Members of PPS Mutual will be entitled to a share in the profits of the Professionals Choice product. PPS Mutual Professionals Choice is the only product to offer this feature in the Australian Insurance market.

Indexation for Professionals

Being exclusively for professionals we are able to offer the option of having benefits increase in line with your salary, based on increases in our Professional Earnings Index or inflation, whichever is greater.

Flexible Premium Structure

A flexible premium structure provides for both a stepped and level premium structure for the one insurance type, allowing you to tailor your cover to benefit from the advantages of both premium structures

True Level Premium

Premiums for any increased cover, from the application of the Indexation for the Professionals Benefit, is based on your age at the date of commencement of your cover and not your age at the time the indexation is applied.

Change of Ownership

The plan ownership may be transferred at any time with no underwriting.

Other cover options

Income Protection

Total & Permanent Disability

Trauma