How it Works?
We take the time to listen to your specific medical needs.
We search the market for a plan that fits.
You, your family, or your employees have access to swift and professional medical treatment.
How group income protection insurance works
Arranging group income protection with our team works in three main steps:
- Assess: We listen to the specific needs of you and your employees.
- Search: We search a wide panel of insurers for the right solution for your needs.
- Cover: Once covered, the business and employees will have peace of mind knowing their finances are secure.
Income protection covers your employees rather than their families directly, but everyone has the peace of mind of knowing the bills will still be paid.
If an employee is off work for longer than the deferred period, the insurer pays a monthly benefit to your business, which then pays it to the employee through payroll. Many insurers also offer early intervention and rehabilitation support from the first weeks of absence. Our guide to prevention-led group income protection explains how this support works.
You can read our dedicated blog for more information on exactly what we do for our valued customers.
What does group income protection insurance cover?
Income protection provides a fixed monthly income like you receive your salary every month, but this is paid when you are unable to work due to ill health. Most policies cover a set percentage of salary, commonly between 50% and 75%, and some can also cover employer pension and National Insurance contributions.
The difference between this and critical illness cover is that income protection is designed to pay out a monthly amount similar to your salary. You don’t have to have a specific illness, the claim can commence as long as you are signed off work by a doctor. If you’re weighing up both, our guide to what group critical illness cover pays out explains the difference in more detail.
We Find Income Protection to Suit You
We make finding Income Protection as easy as possible. We’ll listen to your specific medical needs and find insurance to fit you. You’ll know exactly what is and isn’t covered.
9,000,000 people across the UK have no savings and another 5,000,000 have less than £100. Money and Pension Service- Nov 2022
Who is group income protection for?
Any employer should consider income protection insurance. It’s possible for anybody to suffer from illness or accident which may threaten their financial security, and we feel that everybody deserves to have a safety net.
Offering a group income protection insurance policy will also help you to attract new employees as well as retain the ones you already have.
It isn’t only for large employers. Insurers offer group schemes for small businesses and SMEs with just a handful of staff, and business owners and directors on the payroll can usually be included alongside their team. If you’re also looking at life cover for your team, see our page on small business life insurance.
Group schemes also help employees who might struggle to get cover on their own. Many policies don’t need individual medical questions up to a set level of cover, known as the free cover limit, so staff with pre-existing conditions can often be included.
The benefits of group income protection insurance
Group income protection insurance comes with a number of benefits both for employers and for employees:
- Financial security – Employees can fall back on this insurance in the case of illness or accident, preventing financial struggles.
- Peace of mind – Knowing you can fall back on an insurance plan reduces stress massively, whether or not you are ill.
- Rehabilitation support – Many plans include access to services such as physiotherapy, mental health support, and other forms of rehabilitation. We also offer an employee mental health service.
Contact Us to Discuss Group Income Protection Insurance
Income protection insurance for business owners
For business owners, income protection is beneficial because it improves perception of your organisation with current and potential employees. It shows your workforce that you care about them and their wellbeing/financial security.
On top of this, certain insurance plans can help cover sick pay, be it a portion of it or the sick pay in its entirety. Offering sick pay can increase the reputation of a company and helps to increase staff retention and satisfaction. Group income protection also sits well alongside other employee benefits and business protection, such as group life insurance, death in service insurance, key person insurance and private medical insurance. Together, they support your team whether someone is off sick, needs treatment, or the worst happens.
Income protection insurance for employees
For employees, income protection insurance focuses on covering your financial interests if you become sick or otherwise unable to work.
Talk to us about your options if you think this insurance type could be beneficial for you and those in your workplace, and we can help to facilitate this.
Why Choose Us?
Peace of mind
Full transparency
Family-run
Tailored plans
No call centre
Cover for pre-existing medical conditions Speak to an expert about income protection for your staff.
Get started with income protection cover.
Frequently Asked Questions
Please speak to us, we really need to discuss this area as it is so important to give the right advice.
Not all businesses can afford to provide sick pay, especially for a lengthy period of time. Income protection provides peace of mind for your employees should they be unable to work.
We'll Call You Back
Simply provide us with your information, and we'll promptly get in touch (typically within 24 hours on weekdays) to discuss your health insurance requirements. Afterward, we'll follow up with your complimentary quote (usually within a week).