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.

This comparison shows insurers that offer self employed income protection. 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.

Self employed income protection insurance FAQs


How long does an income protection policy last?


Most insurers offer cover up until you retire, but others specialise in shorter term cover for 12 or 24 months.


When does it pay out?


After completing a successful claim, most insurers send you any missed income then continue to pay you monthly until you return to work.


Can I cover 100% of my income?


Some insurers could offer to cover 100% of your income, but still set a maximum amount, e.g. 100% of your income or 50,000 a year.


Does income protection payout if I die?


No, income protection only covers your income for the term of your policy. Look for a life insurance policy if you want a payout when you die.

About our self employed income protection insurance comparison


Who do we include in this comparison?


We include companies from our panel that offer income protection insurance for the self employed. They are regulated by the Financial Conduct Authority (FCA).

Here is more information about how our website works.


How do we make money from our comparison?


We have commercial agreements with some of the companies in this comparison and get paid commission if we help you take out one of their products or services. Find out more here.

You do not pay any extra and the deal you get is not affected.