Business expenses insurance assists businesses that have an unforeseen event happen, such as an injury or illness to a key staff member, and are then unable to pay the ongoing business expenses.

Let's say you're an accountant and operated your own accounting business employing one staff member.

Your ongoing expenses may include rent, wages, insurance, superannuation and electricity.

If you became sick for an extended period of time, you may not be making the income that pays for the ongoing expenses of the business.

Business expenses insurance is designed to cover this type of event to keep your business running.