Best Income Protection Insurance For Small Business Owners 2022

Low cost Income Protection Insurance For Small Business Owners UK

Find out if Insured Defense Income Protection Insurance For Small Business Owners is the right option for you

  • Not available on the big comparison websites
  • Cover starts from £24 per month
  • Cover up to 80% of your current earnings
  • With a successful claim, get paid within 28 days
  • Your Insurance Requirements

  • Please enter a number from 500 to 5000000.
  • About You

 

 

Protecting your business’ income through illness and injury is one of the greatest risks that clients may face.

Income Protection through our Business Menu Plan pays a monthly income to the covered person if they are unable or injured to work and meet our definition of incapacitated.

Our Income Protection will help your clients if they are unable to work due to illness or injury.

Income Protection was traditionally seen as slow and complex to pay when people needed it most.

Our Income Protection offers your clients many great benefits, so they can get the financial assistance they need, when and where they need it.

You can make two claims in 12 months for fracture coverage up to £4,000

After your client stays more than six consecutive nights at the hospital, a hospitalization payment of £100 per day will be made.

If the person being covered is unable to pay the premiums, the policy will cover the cost of 12 months of replacement.

We’ll pay back to work if your client has a terminal illness or less than 12 months left to live.

This is not all. Clients can protect more of their income with our tiered approach – up to 65 per cent of the first £15,000 pre-tax income plus 55% for the rest.

Clients who are employed and run their own business can receive dividends, a nominal spouse’s salary, and P11D benefits. Your self-employed clients may also be eligible for certain fixed overheads.

Our flexible claims philosophy ensures that we don’t stall the process while we wait for financial evidence.

Our Business Menu Plan offers Income Protection Benefits

You have the option to choose between one, two, five, or until the end of the payment period. This allows your clients to customize the cost according to their business needs.

Reassurance – We’ll pay up to 65% of your first £15,000 pre-incapacity earnings plus 55% of any remaining, up to £250,000 per year.

Additional benefits include fracture coverage and hospitalization payment. These benefits do not affect the main Income Protection coverage, so clients don’t have to wait for their deferred period to end before they can make a claim.

Clients with deferred periods of 13, 26, or 52 weeks will be paid a back-to-work payment in their first and second month back at work. This payment is to assist with the financial impact of coming back.

Accelerated claims in terminal illness – If a client has less time than 12 months and meets our definition, then they don’t have to wait for the deferred period to end before receiving their payments.

Additional payment upon death – If a client is unable to work during their coverage, we will pay a lump sum equal 12 times their monthly premium for Income Protection.

All our Business Menu Plans include Helping Hand Support.

Income Protection Insurance For Small Business Owners

Many of the most appealing income protection cover products are TSB critical illness insurance policies, HSBC mortgage payment protection insurance, Halifax essential outgoings protection products, Legal & General permanent health insurance and Nationwide Building Society short or long term income protection insurance.

Key person income protection insurance

Some of the most common deferred periods of Lloyds age-related income cover, Barclays Bank critical illness cover policies, Natwest unemployment cover policies, L&G income protection peace of mind insurance, Bank of Scotland savings cover products and Nationwide Building Society income protection if you are ill or injured are 25 days, 14 days and 60 days.

Group income protection

Challenging to insure of Liverpool Victoria regular payments income protection policies, More2Life accident and sickness insurance products, OneFamily income protection with short waiting periods, Yorkshire Building Society medical history independent income protection products, Royal London medical history independent income protection products and Axa income protection are 20 days, 21 days and 45 days.

Income protection insurance for self employed

Tough to insure of Aviva income protection insurance that covers mental health, Shepherds Friendly deferred period income protection policies, Churchill clear policy details income protection insurance, Principality Building Society accident sickness and unemployment policies, Nottingham Building Society permanent health insurance and National Counties Building Society income protection guaranteed policies are 45%, 60% and 65%.

Executive income protection

Hard-to-cover job variants include Senior system engineer, Vlogger: illustrator, Marketing and communications intern, Paramedics and Electricians and electrical fitters.

Royal London income protection

Difficult to cover occupation types include Raphael’s story, Water and sewerage plant operatives, Florists, Educational support officers and Festival PR directors.

Executive income protection – royal London

Challenging to cover occupation types include Air ambulance pilots, Finance and investment analysts and advisers, Festival build managers, Journalists, newspaper and periodical editors and Human resource managers and directors.

Royal London key person income protection

Tough to insure occupation variants can include Sports psychologist, Digital engagement apprentices, Collections officers, Ambulance dispatchers and School administrators.

Income protection insurance UK

Many of the most appealing income protection insurance products include Lloyds Bank lifetime protection insurance, Barclays Bank income protection policies, Halifax wider range income protection cover, L&G regular income cover policies and Nationwide permanent health insurance.

Income protection insurance for business

Common waiting periods of Lloyds Bank accident sickness and unemployment policies, Barclays Bank income protection reviewable policies, Halifax accident sickness and unemployment policies, Legal & General lifetime protection insurance, Bank of Scotland permanent health insurance and Nationwide BS serious illness income protection insurance products are 10 days, 31 days and 65 days.

Income protection for business owners

Challenging to insure of LV= income protection with short waiting periods, More2Life mortgage payment protection insurance, OneFamily income protection insurance policy options, Yorkshire Building Society income protection insurance policies, Principality Building Society short or long term income protection insurance and Sun Life income protection insurance policies are 35 days, 30 days and 60 days.

Protection for care and medical

Challenging to insure of Virgin Money income protection up to your retirement age, Zurich short term income protection policies, Leeds Building Society 12 months cover income protection insurance, Coventry Building Society income protection peace of mind insurance, Nottingham Building Society income protection and Cumberland Building Society clear policy details income protection insurance are 50%, 55% and 65%.

Can self-employed take out income protection?

Appealing income protection cover products are Lloyds Bank insurance if you have an accident or illness, HSBC short or long term income protection insurance, Halifax income protection if you are made redundant, Legal and General living costs insurance cover products and Nationwide to cover loss of income.

Can income protection be paid by business?

Some of the most popular waiting periods of TSB medical history independent income protection products, Barclays insurance if you have an accident or illness, Post Office income protection insurance policies, Legal and General high earners short term income protection policies, and Royal Bank of Scotland to cover loss of income and Nationwide BS unemployment cover policies are 35 days, 14 days and 60 days.

Can I claim income protection insurance as a business expense UK?

Tough to insure of Liverpool Victoria income protection if you are ill or injured, More2Life income protection insurance policies, One Family unemployment cover policies, Yorkshire Building Society continue to pay your mortgage if you lose your job insurance, Royal London 12 months cover nurses income protection insurance and Axa serious illness income protection insurance products are 20 days, 12 days and 70 days.