Executive Income Protection: protecting your most valuable asset, your ability to earn
If illness or injury stopped you or a key member of your team from working tomorrow…
- How long would the business cope?
- How long would personal income last?
Executive Income Protection is the simple, tax‑efficient way to safeguard that income.
Without executive income protection…
- Income could drop to statutory sick pay
- Dividends may stop completely
- Business cash flow could come under pressure
- Personal commitments still continue
With executive income protection…
- Up to 80% of income can be covered (salary + dividends)
- The business continues paying income to the insured person via PAYE
- Premiums may be claimed as a tax‑deductible business expense
- Multiple claims can be made, cover continues even after previous illnesses
Why it matters more than ever
Directors and key employees often rely on a mix of salary + dividends. If they can’t work,
statutory sick pay doesn’t come close to replacing real income, and business revenue can
take a hit too.
Who is it designed for?
- Directors of limited companies
- High‑earning executives
- Contractors taking income via dividends
- Businesses reliant on one or two key individuals
How it works
- The business takes out and pays for the policy.
- If the insured person becomes unable to work due to illness/injury, the insurer pays a
monthly benefit to the company. - The business passes that income to the employee via PAYE.
The business benefits
- Protects cash flow during absence
- Funds ongoing salary, NI and pension contributions
- Helps retain senior staff
- Supports faster return to work
A single policy. A reliable income. Total peace of mind.
If your business relies heavily on you, or a key person, then Executive Income Protection isn’t a luxury. It’s essential.
