When you can’t work, your business can’t either
If you’re ill or injured, the impact hits twice - you lose your input and your income. Executive Income Protection keeps your salary going while your business finds its feet.
Income Protection, made for business owners
What is it?
Monthly salary protection.
A policy that pays a monthly income if you’re too ill or injured to work - so you can still take home a salary.
Who’s it for?
Directors & execs.
Designed for limited company directors who want Income Protection paid through the business, not out of pocket.
Why it matters
Double the cost.
If you can’t work, you lose both your contribution and your income. This cover pays your salary, so you’re not hit twice.
Who pays?
The business does.
Premiums are paid by your company - not you - and may be eligible as a business expense (get advice on setup).
What’s included?
Flexible cover.
Pays a monthly income after a waiting period, usually until recovery or retirement. You choose the amount and timing.
Is It tax-efficient?
Often, yes.
Executive Income Protection is usually tax-deductible for the company, with benefits paid as taxable salary. Win-win.
If you can’t work, what pays your wages?
Keep your income on autopilot
If you were too ill to work, how would you pay your salary? Executive Income Protection pays a monthly income until you’re back on your feet - funded by your business, and usually tax-efficient.
Protect Your Paycheque 💰
Tax-deductible peace of mind
Executive Income Protection is usually classed as a business expense - meaning your company pays, and you’re covered. It’s a smart, efficient cover that pays off when it matters most.
Use Your Business to Pay 📊
Recovery without financial stress
Being unwell is tough enough - stressing about bills shouldn’t be part of it. Income Protection steps in when you can’t work, replacing your earnings so you can keep life on track. That way, you can focus on getting better while your finances stay steady.
Recover Without Worry 🧘
Why Executive Income Protection matters
You’re the engine of your business - but if illness or injury takes you out, the bills don’t wait. Executive Income Protection ensures you can still draw a salary and cover your lifestyle, without draining savings or maxing out credit cards.
Tax-Deductible
Your company can pay for Executive Income Protection - usually tax-deductible and cheaper than Personal Cover.
(Unbiased, 2024)
Dividend Income
Executive Cover is often cheaper than Personal Protection and tailored to directors’ needs - including dividend income.
(Royal London, 2023)
Long-Term Sick
Average long-term sick leave in the UK is over 6 months
(ONS, 2024)
1 in 5 Off Work
1 in 5 people are off work for more than 6 months during their career.
(Aviva, 2023)
Exec IP = Sick Pay
Executive Income Protection is like paying yourself sick pay - through the business. It protects your income, your household, and your mental health. Without it, time off work can turn into financial stress, debt, or even losing your home.
(FT Adviser, 2024)
Only 9%
Only 9% of UK business owners have Income Protection.
(Legal & General, 2024)
Keep Bills Paid
Income Protection means you don’t have to dip into savings, borrow, or shut the business - you can recover with confidence and keep bills paid.
(Which?, 2024)
38% of SME’s
38% of SMEs say a long-term sick leave would threaten their financial stability
(Simply Business, 2023)
1 in 3 Self-Employed
Without cover, 1 in 3 self-employed people say they’d run out of money within 3 months off work.
(LV= Business Protection Survey, 2024)
Want to protect your team too?
Group Income Protection does for your employees what Executive Cover does for you - providing a regular income if they’re off sick long-term. A great perk that shows you care.
Explore Group Cover 🐧
FAQsFrequently asked questions
Yes - this cover is designed for directors and senior staff paid via salary and/or dividends.
Yes - Executive cover is paid by the company, often with tax benefits, and can cover more of your total income.
Yes - you can choose to insure salary, dividends, or both (depending on underwriting and provider).
Usually yes - payouts are classed as salary, so taxed through PAYE.
Yes - choose a benefit term (e.g. 1, 2, or 5 years, or to retirement) and a deferred period before it kicks in.
Not usually - but you can buy a separate Critical Illness Policy alongside your Income Protection.
The monthly payout stops - but you can claim again if you’re later off work with something else.
It depends on your age, income, and health - but business-paid cover is often more cost-effective than personal.
The cover would usually end - but we can help you find flexible options if you go self-employed or restructure.
Yes - most policies now cover mental health as well as physical illness. But you’ll need to disclose any relevant medical history when you apply - pre-existing conditions may not be covered.
You could - but how long will that last? This pays your salary without draining your savings, or your sanity 🧠
Hear it from our customers
Your cover, checked
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