It is an insurance policy that pays you an income if you cannot work due to an injury or illness.

You do not qualify for statutory sick pay or redundancy pay if you are self employed, but an income protection policy could pay you.

Complete our quote form then compare the cost of each policy to find the cheapest cover.

The main benefits of income protection for self employed

Income protection for the self employed is designed to provide financial support if you are unable to work due to accident or sickness.

These policies will pay a monthly income until you return to work or for a fixed period (typically 12 or 24 months).

How to find the right cover

Finding the right income protection policy can be difficult when you are self employed, as your income may not be consistent each year.

When you get quotes for income protection, you choose:

  • The income you want covered: Choose between a percentage of your annual income, or a fixed amount. Some insurers cap the amount you can get each month or year.

  • How long you want cover for: You can usually get cover until a set age, which varies depending on the insurer you choose.

When you apply for cover, insurers will ask you for at least one year's audited accounts as proof of your income.