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Business Overheads Assured insurance could help protect your business if you become disabled due to sickness or injury by providing a monthly benefit, for up to 1 year, to help with cash flow and general expenses.



Business Overheads Assured insurance is available through BT Protection Plans and pays a monthly benefit for up to 12 months to help cover specified day-to-day expenses (rent, utilities etc) of your business.

Cover is available up to $60,000 per month, however, we may limit the maximum amount of cover based on a number of factors, including the actual day to day costs incurred in running the business.

Of course, like all insurance, some exclusions, limits and conditions apply. Read the BT Protection Plans Product Disclosure Statement (PDF) to see if Business Overheads Assured insurance is right for you.

Some of the key features include:

  • Flexible levels of cover. You have the option to increase or decrease cover to ensure the policy continues to suit your needs
  • Your policy is guaranteed renewable (as long as premiums are met) and the monthly benefit automatically increased annually in line with any CPI changes, unless you request otherwise
  • Dedicated consultant can make any claims experience as easy as possible
  • Worldwide cover – 24 hours a day
  • 5% multi-policy discount applies if you‘re covered by more than one eligible BT Protection Plan policy.

See 'Features' for age conditions

Entry age ranges and conditions

A business can apply for a Business Overheads Assured policy through BT Protection Plans as long as the person to be insured under the policy is aged between 17 and 59.

See 'Fees' for information on the premium structure available.

Cover can continue to age 65. 


Benefits included with Business Overheads Assured insurance include:

  • Total Disability Benefit – provides a monthly benefit after the waiting period if the insured person is totally disabled because of sickness or injury.
  • Partial Disability Benefit – provides a monthly benefit after the waiting period if the insured  person is partially disabled because of sickness or injury.
  • Elective Surgery Benefit – provides a monthly benefit if the insured person is totally or partially disabled because of a transplant (where they are a donor) or cosmetic surgery.

Your premiums may also increase in certain circumstances, such as: if your sum insured increases, with Consumer Price Index increases, and when we increase the policy fee.

BT Protection Plans also provide flexibility by providing a number of different ways to pay premiums. Premiums can be paid by direct debit, an accepted credit card, or cheque (if paying annually).


Generally, the premium amount depends on a number of variables, including:

  • The amount of cover and frequency of payments
  • Any optional benefits selected
  • The insured person's age, occupation, gender, smoking status, health and family medical history
  • Any discounts that may apply.

The premium includes a policy fee that increases by the same amount as the consumer price index (CPI) on 1 October each year. As at 1 October 2021, this annual policy fee was $97.80.

You or your representative should contact Westpac Life Insurance as soon as a claim needs to be made.

Call us on 132 135, 8am - 6.30pm, Mon - Fri (Sydney time).

Westpac Life Insurance is here to help and make the process as easy as possible with a dedicated claims consultant.

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Westpac and BT – we’re here to help

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.


Through BT, you can access a range of solutions across super, investments and insurance, to help you plan for today and tomorrow. 

Things you should know

Information provided is for new applicants only. Existing customers should refer to their Policy Schedule for Terms and Conditions relating to their individual policy.


A target market determination has been made for Protection Plans products. Please visit for any of our target market determinations.

The Insurer and Issuer is Westpac Life Insurance Services Limited ABN 31 003 149 157 AFSL 233728, except for Term Life as Superannuation, Income Protection as Superannuation and Income Protection Assured as Superannuation, issued by BT Funds Management Limited ABN 63 002 916 458 AFSL 233724 as Trustee of Retirement Wrap ABN 39 827 542 991. They are subsidiaries of Westpac Banking Corporation ABN 33 007 457 141 AFSL 233714, who does not guarantee the insurance. 

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) to see if this insurance is right for you.