Income Protection

This policy is designed to meet the demands and needs of businesses who wish to help protect against the financial impact of their employee’s incapacity on the business. If the employee covered becomes incapacitated due to illness or injury and unable to work as a result, we will pay your business a regular monthly benefit.

The monthly benefit can be used to meet the costs of hiring a temporary replacement employee, to address a reduction in gross profit, or meeting loan repayments.

Key benefits of Income Protection

• Designed to help small businesses – reduces the impact of the incapacity of the key employee on the business at what would otherwise be a time of financial worry
• Navigate financial uncertainty – cover can go towards loan repayments and protecting lost profits, to service any of the borrowing of the key person’s remuneration or to hire a temporary replacement employee
• Protect against inflation – option to choose increasing cover, which increases in line with the changes in the Retail Price Index.