Reasons to Protect Your Business With OneCare Business Expenses Insurance
Getting your business insured with OneCare Business Expense Cover gives you the kind of security you want to have for your business, because OneCare Business Expense Cover understands how much your business means to you and your family, and it offers you better peace of mind by giving you comprehensive business protection coverage that you can use in the future in case of eventualities. This is especially valuable in case you are unable to manage your business operation properly due to a disability caused by terminal illness, injury or accident. The OneCare Business Expense Cover is a good insurance option for business owners, partnership and sole traders who aim to provide their business guaranteed protection against future risks and eventualities.
Benefits and Advantages of Getting OneCare Business Expense Cover
The first thing that business owners want for their business is security. Running a business can be expensive as the maintenance costs and overhead expenses are things you can’t get away from in the process of business management. You work hard to personally manage your business to ensure profit and the last thing you want to happen is not being around to ensure that everything goes well. However, you cannot avoid future risks and eventualities such as getting terminally ill or getting involved in an accident. In times of eventualities like these, you are not physically fit to manage your business personally and to ensure its profit. OneCare Business Expense Cover is a valuable source of income where you can avail of your insurance benefit to pay for the regular and fixed business-related expenses. The amount you are entitled to can be used for the maintenance of your business operation in the event that your condition prevents you from working.
OneCare Business Expense Cover is a form of insurance that gives you a monthly benefit, the amount of which you can use for paying off the necessary expenses incurred in the course of your business operation. Common business-related costs include office rent, leasing costs for equipment, mortgage repayments, business loan installments, gas, electricity, water, telephone and other utility bills. Your insurance is a good source of financial assistance that you can use to cover all of these expenses and you can even use your insurance benefit for paying your employees’ salaries. Your OneCare Business Expense Cover will help you manage your business financial needs even when you are not able to work because of your disability and condition.
The greatest advantage of getting your business covered with insurance is the peace of mind that you get guaranteed financial support to keep your business running even when you are not able to personally manage its operation. It also takes the burden off your family members in finding some financial source to manage your business and you can also concentrate on recuperating from your condition. Whether you earn a profit or not from your business, you are confident that your OneCare Business Expense Cover can help take care of your business-related financial obligations.
Understanding the Terms of Your OneCare Business Expense Cover Plan
The policy holder of OneCare Business Expense Cover Plan can claim a monthly benefit which he can use for paying the expenses incurred in running his business should he suffer from partial or total disability. You will be eligible to apply for the business insurance if you work at a minimum of 30 hours every week. The age requirement for a policy holder is between 19 and 60 years old. The plan also has a minimum and maximum ceiling for the monthly amount insured in your coverage plan. You can avail of 100% coverage of your business expenses in the maximum amount of $60,000 worth of benefit every month. The minimum monthly benefit that you can avail is $1,250. The policy holder will enjoy the monthly benefit allotment for a period of 12 months.
Benefit Coverage of OneCare Business Expense Cover
There are different built-in benefits that come along with your OneCare Business Expense Cover. These include disability benefit, death benefit, no claim benefit and increasing expenses benefits. Each type has its own feature and benefit coverage that you are entitled to claim for. Should you get sick, injured, become disabled and unable to work, you can take advantage of a full monthly disability benefit. If you are able to work partially only you are still entitled for a partial benefit on a monthly basis from your plan. If you die or suffer from a serious illness, you can avail of a monthly benefit that is worth three times the insured amount of your plan. Your family can use the amount for the funeral costs if you die and even for paying your medical expenses.
You have some options on how to maximise the coverage amount of your insurance benefit. By not claiming from your insurance benefit within a period of three years your OneCare Business Expense Cover will be doubled after the lapse of this period. You can also opt to increase up to 15% the monthly amount insured for every anniversary of your business policy insurance. Moreover, you can always upgrade your monthly insurance coverage benefit as your business circumstances and lifestyle change.
Flexible Add-Ons for OneCare Business Expense Cover
On top of the regular monthly benefit from your OneCare Business Expense Cover, you can also choose additional benefit plans such as Extra Care Terminal Illness, Needle Stick and Accidental Death benefits. The Extra Care Terminal Illness benefit will give you additional support towards financial freedom to pay for your medical and palliative care expenses or pay off mortgages and other debts.
You will also find useful the additional amount that you can avail from the terminal illness benefit which you can claim through a one time payment or receive the amount on a regular monthly basis. You can use the amount as an additional financial support to cover for your medical bills, daily living expenses or to offset any earnings you may have lost because of your condition.
The Extra Care Needle Stick benefit gives you the same benefits as the terminal illness benefit if you contract HIV or Hepatitis B or C in the performance of your occupation. Your dependents can use the amount they can claim from your accidental death benefit for funeral costs, pay off debts, finance the family daily expenses and use it as a daily income for your dependents.
Because the OneCare Business Expense Cover plan comes with flexible and variable options, you need to choose your optional coverage wisely. Find the best plan that suits your lifestyle and business circumstances for a more cost effective yet comprehensive coverage insurance plan tailored for your distinct needs.