Cover that helps you over a bad patch
SHORT-TERM PROTECTION
Though you may only be out of work for a short while, protecting your income is imperative.
COVER FOR THE SELF-EMPLOYED
If you run your own business, we can help you find the most suitable plan to offer support if you’re unable to work as a result of injury, accident or unemployment.
COMPETITIVE
QUOTES
We can help you access a number of short-term income protection options from a range of providers.
TAILORED TO
YOU
You'll always get a personalised service based on your specific needs. What's more, we'll do all the paperwork for you.
Understanding short-term income protection
Similar to standard income protection, short-term income insurance will cover you in the event of redundancy or a small injury that has deemed you unable to work. The main difference is that this type of cover will only offer protection for a fixed amount of time, depending on your policy. This may be ideal for anyone on a monthly wage who will be out of work for a short period, such as a few months.
If you’re receiving statutory sick pay whilst you’re off, this level of protection will cover any outgoings that your reduced income is unable to, ensuring your bills, mortgage and other expenditures are covered.
What are the benefits?
Short-term income protection will offer you financial support when you’re unable to work. It goes much further than statutory sick pay, for example it will provide you with a monthly benefit until you return to work or for an agreed period, usually a maximum of two years.
How is it useful?
Insurance for income protection is particularly useful if: •You don’t have any savings •You run your own business •You have minimal sick pay entitlement with your employer It’s important to remember there is often a period between when you stop working and when you start receiving payments.
What isn’t covered?
Some scenarios will not be covered by these policies, they include: •Pre-existing health conditions or illnesses •Self-inflicted injuries •Voluntary redundancy •Seasonal unemployment
