Skip to main content Skip to main navigation
Skip to accessibility page Skip to search input

Business continuity

As a business owner, you may be concerned about your business being able to continue to pay its fixed expenses if you or one of the other business owners becomes sick or injured.

Business Overheads cover pays a monthly benefit for the day to day costs of running a business for up to 12 months if the insured person is disabled because of sickness or injury and is unable to work in the business at their full capacity. It could mean the difference between the business surviving or collapsing.

A Business Overheads policy can help you to pay certain business expenses, such as:1

  • accountants' and auditors' fees
  • advertising costs
  • cleaning, electricity, gas, heating, laundry, telephone and water
  • leasing costs of equipment and vehicles
  • mortgage interest payments
  • property rates and taxes
  • rent
  • salaries of non income producing employees
  • subscriptions to professional bodies and publications
  • net costs of employing a locum after the insured person becomes totally disabled.


Case study2

David runs a successful business as an architect. Unfortunately, last year David had a serious car accident and he broke his right collar bone and arm, rendering him unable to work. His duties within the business were the hands on production of drawings and documents for construction plans, physical site inspections and driving to councils, sites and clients.

David's business has a high turnover of revenue, and his outgoings are also high. Following David's injury, the income his business received reduced dramatically and his company started running at a loss. Fortunately his business was able to survive, mainly due to David and his team's dedication and because David was able to claim on his Business Overheads Policy.

Outcome: The proceeds from David's claim helped him to pay for a locum architect to keep things running whilst he recovered. His clients continued to be serviced through his company, maintaining his professional status.

Things you should know

1. Please refer to the Westpac Protection Plans Product Disclosure Statement (PDS) (PDF 543) (PDF 1MB) for the full list of allowable business expenses.

2. For illustrative purposes only. The above case study demonstrates how Westpac Protection Plans may be able to aid you in times of need. Your financial planner will be able to assist you in determining the appropriate cover for your business.

The Insurer of Westpac Protection Plans is Westpac Life Insurance Services Limited ABN 31 003 149 157 ('the Insurer'). Westpac Protection Plans are issued by the Insurer except for Term Life as Superannuation and Income Protection as Superannuation which are issued by Westpac Securities Administration Limited ABN 77 000 049 472 ('WSAL') as trustee of the Westpac MasterTrust ABN 81 236 903 448, and distributed by Westpac Banking Corporation ABN 33 007 457 141 ('the Bank'). The Insurer and WSAL are wholly owned subsidiaries of the Bank. The Bank does not guarantee payments under the policy.

This information does not take into account your personal circumstances. Like all insurance, some exclusions, limits and conditions apply.  Before making a decision about this insurance, read the Westpac Protection Plans Product Disclosure Statement (PDS) (PDF 543) (PDF 1MB) for the full terms and conditions and to see if a Westpac Protection Plan is right for you.