If you own your own business or are a partner in a business, your financial risks are greater if you are unable to work. Even though you are not working, fixed expenses keep rolling in.

Your business needs to continue if you are temporarily disabled and cannot work. A Business Expenses insurance will reimburse certain business expenses for the period you are totally disabled, up to 12 months.

Typical business expenses covered include: office rent/mortgage payments, property rates and taxes, equipment or vehicle lease costs, electricity/heating and water costs, cleaning costs, depreciation of office equipment and business premises, accounting costs and business insurance premiums.

If you are disabled long-term and you decide to sell your business, having this insurance in place will enable you to create an orderly sale, not a "fire sale" and not necessarily sell at a loss.