11 Purdeys Way Purdeys Way, Rochford, England, SS4 1ND
11 Purdeys Way Purdeys Way, Rochford, England, SS4 1ND
Protect Your Pay When You’re Off Sick – Compare Sick Pay Insurance Quotes from the UK’s No.1 Specialist.
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Accident, Sickness and Unemployment (ASU) insurance is a short-term income protection policy that’s designed to support you financially if you’re unable to work due to illness, injury, or involuntary redundancy. Sick Pay Insurance typically pays out a monthly, tax-free income (usually up to 50–70% of your regular earnings) for a set period such as 12 to 24 months.
You can choose to have Sick Pay Insurance only, Accident, Sickness and Unemployment Insurance or a combination of Accident and Sickness cover. Depending on the policy, there may be some exclusions, such as pre-existing conditions or prior awareness of an upcoming redundancy.
Sick Pay Insurance in the UK is a type of cover that offers you financial protection should you become ill and are unable to work. Along with our Sick Leave Insurance for employees in the UK, we also offer various other types of business insurance including Executive Income Protection, Self Employed Income Protection and Key Person Income Protection. You can also find other types of insurance, including Family Income Benefit.
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ASU Insurance is designed to provide short-term Income Protection if you’re unable to work due to unexpected life events. For example, you or your employees may be signed off work by a medical professional due to illness or injury, which is where ASU Insurance can kick in and cover the lost income to cover rent, mortgage and regular bills.
This insurance also covers involuntary redundancy, meaning you’ll receive payments if you lose your job through no fault of your own. ASU insurance is especially valuable for employees and contractors who may not have access to long-term sick pay or redundancy packages. It offers a financial buffer during uncertain times and helps make sure you can stay on top of your finances.
Although this type of insurance does provide extensive cover, there are some exclusions. For one, if you have a known illness or injury before taking out the policy, claims related to that condition are usually excluded unless they’ve been disclosed and accepted by the insurer. You also typically can’t claim for unemployment if you were already aware of upcoming redundancy, were in a probationary period, or had reason to believe your job was at risk when you took out the policy. If you’re on a short-term or zero-hours contract, you may not be eligible for unemployment cover, or claims might be harder to validate.
Accident, Sickness and Unemployment Insurance is ideal for employees, contractors and self-employed individuals. It can provide financial stability if you suddenly become ill, injured or are made redundant. The insurance typically provides a percentage of your income (usually from 50% to 80%) to help you cover living costs such as mortgages or rent, utility bills and other essential costs. If your employer offers minimal sick pay or if your savings wouldn’t last more than a few months, ASU insurance can be a lifeline.
Most Accident, Sickness and Unemployment Insurance policies can cover people who are actively working, whether they’re employed, a director or self-employed. For most insurance cover, insurers you can apply if you are aged between 18 to 60 (sometimes up to 64), with cover potentially lasting to age 65 or retirement.
There are two main types of accident and sickness insurance: long-term and short-term. Short-term Sick Leave Insurance typically lasts 12 to 24 months and is designed to cover temporary loss of income due to illness or injury.
Meanwhile, long-term insurance pays out until you return to work, retire, or the policy ends (such as when you reach 60 or 65 years old). This type of insurance provides ongoing income support if you develop a serious or long-term health condition.
If you’re looking to implement a financial safety net in case you are unable to work due to an accident, illness or you are made redundant, Accident, Sickness and Unemployment Insurance can help. Get in touch today to discuss your requirements and apply for a quote.
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I had a great time working with My Key Man Insurance when I applied for the different insurances they offer. They were able to answer all of my questions quickly and effectively. I will recommend them to my friends and family.
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The standard of service was first class. They kept me up to date with progress on my Relevant Life Policy, followed up promptly following delays caused by my medical practice being slow in compiling reports, and responded instantly and clearly to any questions I had.
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You’ll typically need to provide your age and employment status, along with your monthly income and details of any pre-existing medical conditions, along with how much Sick Leave Insurance cover you want and your preferred policy period.
ASU policies typically cover between 50-70% of your gross monthly income, or a set amount like your monthly mortgage or rent payment. You should calculate essential monthly outgoings to help you work out how much cover you need.
You can claim on the insurance when you’re unable to work due to an accident or illness, or if you’re made redundant involuntarily. In most cases, there is a waiting period before the policy can be paid out.
ASU is designed to complement your existing sick pay. Many policies allow you to defer payments until the company’s sick pay ends.
This insurance is short-term and typically pays out for up to 12 to 24 months, and can include redundancy cover, while Income Protection Insurance is long-term and covers you until retirement if needed, but it doesn’t include unemployment cover.
Yes, the insurance typically includes unemployment cover that pays a monthly benefit if you’re made redundant through no fault of your own.
You can use ASU insurance in the UK to cover rent or mortgage payments. In some cases, the policy may even be tailored specifically for mortgage holders.
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