Income protection for sole traders – cover from £26.31 per month
If you’re a sole trader and can’t work due to illness or injury, income protection insurance can replace part of your income with monthly payments.
Protection
Whether you’re a sole trader or a limited company director, it’s worth considering how you’d manage financially if you couldn’t work.
Sole traders rarely have employee benefits to fall back on. Limited company directors can sometimes arrange protection through their company, including income protection and relevant life cover.
These guides cover income protection, relevant life insurance, critical illness cover and private healthcare for sole traders and limited company directors.
Protecting your income
Health and serious illness
Life cover for company directors
Critical illness cover if you’re self-employed
Critical Illness Cover pays a lump sum if you’re seriously ill – a key safety net for sole traders and the self-employed.
Private health insurance options for small business owners
Practical guide to private health insurance for the self-employed. How policies work, the main types of cover available, and how much does it cost?
Self-employed income protection – cover if you’re sick or injured
Find out how income protection works for sole traders. Learn cover limits, deferred periods and policy types if you can’t work due to illness or injury.
Tax efficient life cover through your own limited company
If you’re considering taking out life insurance, you could save up to 50% on your premiums by setting up cover through your own limited company.
Do limited company directors need income protection insurance?
An executive income protection policy can provide peace of mind, as well as tax efficiency, as the premiums can typically be funded by your limited company.