New to Business versus Business Overheads Cover

Which would you rather have?

The certainty of $2,000 a month or the chance of $4,000 a month?

I have to admit I hadn’t thought about New to Business Cover as an alternative to Business Overheads – I had the markets segmented neatly: If you are New to Business you buy that one, if you aren’t you would naturally buy either Business Overheads Cover, or Locum Cover, or even Business Continuity Insurance which is a kind of Key Person Disability payment, depending on your situation.

But some advisers, I spoke with one the morning I wrote this, see New to Business Cover with no offsets as a great alternative to Business Overheads – not, of course, with older businesses, but the overwhelming majority of small businesses are less than three years old.