Income Protection Insurance

Pays you a monthly income if you can't work due to illness or injury.

What it does

Income protection replaces part of your income if you’re too ill or injured to work. You get a monthly payout direct to your bank — tax-free — so you can keep up with bills, mortgage payments and day-to-day costs while you recover.

- Covers 60–70% of your normal income

- Choose how long it pays out (1, 2, 5 years or up to retirement)

- Choose how soon it starts paying (1 week to 12 months)

The longer you wait before it starts paying out, the lower the cost.

Who it's for

- Self-employed workers with no sick pay

- Employees with limited sick pay

- Anyone with financial responsibilities or dependants

Why it matters

Statutory Sick Pay is just £116.75 per week (2025 rate) and only lasts 28 weeks. That’s not enough to cover most people’s bills — and self-employed people often get nothing.

If your income stops, things can fall apart quickly. Income protection gives you breathing space to focus on getting better.

Example

A self-employed electrician broke his leg and couldn’t work for three months. His policy kicked in after four weeks and paid 70% of his income, covering his rent and bills until he recovered.

What about tax?

If you pay for the policy yourself, the income you receive is usually tax-free.

Get a quote

Want to see what income protection would cost for you?
Message us and we’ll show you options tailored to your job, income and setup — no pressure.