Executive Income Protection
Protect your income if illness or injury stops you or your employees working for a long period of time, providing financial stability for both you and the business
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Getting started
The Basics
What does this policy do?
An income protection policy, funded by the company, that provides a monthly payout if an employee or business owner cannot work due to illness or injury.
The business pays the premiums, and the policy is paid out to the company.
The business pays the premiums, and the policy is paid out to the company.
Who needs Executive Income Protection?
Limited company directors, business owners and senior employees who rely on their income and would be financially affected if they faced long-term absence.
Why does it matter for small businesses?
As an owner, your income often is the business. A long period off work can quickly create cash-flow problems. Executive income protection helps protect personal finances without draining business reserves.
PLENTY TO SHOUT ABOUT
The Benefits
Reliable Income Replacement
This policy provides a regular monthly income if you’re unable to work due to illness or injury. It can help cover your outgoings, allowing you to focus on recovery rather than financial pressure.
Business-paid Premiums
Premiums are paid by the company, not personally. In many cases, these premiums can be treated as an allowable business expense, making executive income protection a cost-effective benefit for directors.
Supports Business Continuity
By protecting yours and your employees income, this policy helps reduce financial strain on the business, if you couldn’t work due to illness or injury.
Get your business covered
Stress-free Executive Income Protection starts here
1
Fill in a short form
Add some basic details into our online form to get started
2
Speak to an expert
Get personalised advice from one of our experienced advisors
3
Choose your insurer
Consider our advice, as well as your quotes and choose the insurer that fits your needs and lifestyle
FAQs
Answering your Executive Income Protection questions
How much of your income can be covered??
Most policies cover a percentage of your income, typically up to 60-70%. The exact amount depends on your earnings, policy structure and insurer criteria.
Who pays the premiums?
The business pays the premiums for this policy, meaning you get the perks of being covered, without having to fund the policy personally.
How long does the policy pay out for?
The payout period can vary, depending on the policy chosen. Payments can last for a fixed term or until retirement age.
Is Executive Income Protection tax-efficient?
Premiums are often treated as a business expense, while benefit payments are usually taxable as income.
What happens if I return to work part-time?
Many policies allow partial payouts if you return to work on reduced hours, helping ease the transition back into full-time work.
Need help choosing your cover?
If you’re not sure which policy is right for you and your business, let’s talk. Our team of experts can help you find the type of cover that best fits your business needs.
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