Start-Up Business Income Protection Insurance

Starting your business or getting it off the ground can be an exciting time.  If you’re serious about success don’t leave anything to chance.

Are you ready for anything?

Working for yourself can be challenging.  By taking up business income protection right from the start, you can take away the need to worry about how you and your family will be if you are sick or injured.

How it works

Start-Up Income Protection is designed to meet the needs of business owners who have been trading for less than three years. It provides a monthly payment if you’re out of action due to sickness or injury, and unable to work for more than 10 hours a week.

You choose the amount of cover you require − up to $9,000 per month − and we pay you that agreed sum if you need to claim during the first three years of your policy. You also have a choice of waiting periods, and premiums are automatically waived when you are on claim.

At any time after 12 months, you can choose to upgrade to one of Sovereign’s Disability Income Protection benefits, providing you have two full years of financial evidence.

Key recent enhancements

Total Disability Income Protection claims paid in advance
All Total Disability claims on eligible products will now be paid immediately following the end of the waiting period.

Increasing the recurrent disablement period from 6 to 12 months
If you suffer a relapse of your Total Disability within 12 months of your recovery, you will be able to return on claim without needing to serve the waiting period.

For further information about these and other enhancements, please contact your adviser or refer to the customer guide or policy document.


Disclaimer: The availability of any insurance cover is subject to your application being approved. For full details, refer to the policy document which is available on request from Sovereign. Applications are subject to individual consideration. Special conditions, premiums, maximums and exclusions may apply.

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The information contained on this website is general in nature and is not intended as advice. It may not be relevant to individual circumstances and before making any investment, insurance or financial planning decision; you should consult a professional adviser. Copies of our disclosure statements are available on request, free of charge.