Income Protection for business owners: because your business depends on you
Running a business means wearing many hats, leader, strategist, problem‑solver,
accountant, and often the main revenue generator.
But what happens if illness or injury suddenly stops you from working?
For business owners, the financial impact can be immediate and severe. Unlike employees, you don’t get statutory sick pay or employer sick pay to fall back on.
Your income, and your business, relies directly on your ability to work.
Income Protection is the safety net designed specifically for this risk.
Without income protection…
- Your income could drop to zero overnight, sole traders and directors aren’t entitled to
- statutory sick pay
- Business expenses continue, rent, utilities, staff, suppliers
- Personal bills don’t stop, mortgage, food, childcare, commitments
- Recovery becomes harder under financial pressure
With income protection…
- Monthly, tax‑free income if illness or injury stops you working
- Typically 50–70% of your pre‑tax earnings covered
- Payments continue until you return to work, retire, or reach policy limits
Why business owners need it most
Your business depends on you. If you’re a sole trader, contractor, freelancer, partner, or
limited company director, your ability to earn is the backbone of everything, yet you have
no automatic safety net.
What income protection covers
- Illnesses, injuries, and conditions preventing you from doing your job
- Mental health issues such as stress, anxiety, and depression
- Chronic illnesses and long‑term medical conditions
Who can take out income protection?
- Sole traders
- Limited company directors
- Partners
- Freelancers & contractors
Choosing the right cover
Consider:
- Waiting period
- Length of benefit period
- Percentage of income to protect
- Fluctuating income evidence (tax returns, accounts)
A simple policy. A steady income. Total peace of mind.
Income Protection is fundamental financial resilience for anyone whose income depends on
their ability to work.
