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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.

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Westpac and BT - helping you through your financial life

As part of our Group and one of Australia's leading wealth experts, BT has been helping Australians build and protect their wealth since 1969. With 50 years' experience BT can help you plan for today and tomorrow by helping to identify ways to make more of what you have and empowering you to make smarter, confident financial decisions. As a Westpac customer you have access to a range of financial products and services across superannuation, investments and insurance.

Things you should know

1. Please refer to the BT Protection Plans Disclosure Statement (‘PDS’) (PDF 1MB) for the full list of allowable business expenses.

2. For illustrative purposes only. The above case study demonstrates how BT 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 BT Protection Plans is Westpac Life Insurance Services Limited ABN 31 003 149 157, AFSL Number 233728 ('the Insurer').

BT Protection Plans is issued by the Insurer except for Term Life as Superannuation and Income Protection as Superannuation which are issued by BT Funds Management Limited ABN 63 002 916 458, AFSL Number 233724 ('BTFM') as trustee of the Retirement Wrap ABN 39 827 542 991. Westpac Life is a subsidiary of Westpac Banking Corporation (Bank). Neither the Bank, nor any member of the Westpac Group (other than the Insurer) guarantees the benefits payable in relation to BT Protection Plans.

This information does not take into account your personal circumstances. Terms and conditions, and limitations and exclusions apply. Read the BT Protection Plans Disclosure Statement (‘PDS’) (PDF 1MB) to see if this insurance is right for you.