My Key Man

Self Employed Income Protection

Self Employed Income Protection

Instant Online Quotes & Apply

RATED 5 STARS ON TRUST PILOT

or

Call us:- 020 7112 8844

  • Best Price Guarantee
  • Whole of Market Access
  • FCA Authorised Advice

How it works

Protect Your Business In 3 Simple Steps

Submit

Submit the details of the key people

Compare

Compare the quotes online

Apply

Fill out the application and get covered today.

What is Self-Employed Income Protection Insurance?

Being self-employed brings many benefits to individuals, such as the chance to work to their own schedule and enjoy more flexibility in their work-life balance.

However, there are some disadvantages of working for yourself as well, including not benefiting from any of the financial perks that come with being in a full-time position. That means you won’t receive any sick-pay if you are unable to work while ill or injured. Plus, if you ever go through a period of little or no work, your income will see a significant cut. These are all reasons why many self-employed workers choose to take out a self-employed income protection insurance policy.

If you are ever unable to work because of illness, injury, or any other kind of health-related reason, then your self-employed income protection insurance will take over from your employer to pay you a monthly wage. It will be paid every month and will be completely tax free.

How does Income Protection Insurance for the Self Employed Work?

One other thing to think about is whether you would need to find a self-employed income protection insurance plan that also includes cover for general unemployment. If you have this cover and end up unemployed for no fault of your own, then you will be able to claim a payout each month while you are looking for work. One thing to bear in mind is that the requirements for getting this payout is a lot stricter than getting the payout for health reasons. You will need to prove that you were not at fault for becoming unemployed which, in some situations, can be quite tricky to prove.

Why do I need it?

We’ve already mentioned that working as a self-employed individual can be difficult as there is no official sick pay that you will be able to claim if you do fall ill or are injured and are unable to work.

We’ve already mentioned that working as a self-employed individual can be difficult as there is no official sick pay that you will be able to claim if you do fall ill or are injured and are unable to work. So, you can’t reach out to any of your clients for any financial support during these difficult times. However, that isn’t the only reason why you might want to take out this kind of protection. Here are a few other reasons why you might need some self-employed income protection.

So, there are a range of different reasons why self-employed individuals might want to take out a policy for some self-employed income protection. Mostly, though, it’s to ensure that they don’t end up in any financial difficulties if they are ever too ill or injured to work. As you can see, for most people who work for themselves, this could be a good call so that you never worry too much about money!

Our Customers Love Us!

Our Customers Love Us!

  • Simple and Low Cost

    Everything was made very easy to understand. The quotes were the cheapest we found too. Very happy!

    Rating
  • Excellent Service

    Everything was made very easy. It was great Jody.

    Rating
  • Great Work!

    Great prices and good advice, what more could you want.

    Rating
  • Recommended!

    A very good service thanks...

    Rating
  • Excellent service with easy to understand explanations

    Jody Pearmain of Keyman was very helpful in explaining options and I thoroughly recommend his company

    Rating
  • Good for key man insurance

    Great service and easy to understand. Would use again.

    Rating
  • Fantastic!

    Over and above what we expected. Thanks!

    Rating
  • Would recommend!

    Did everything we wanted very well. Decent price and made easy..

    Rating
  • We received a wonderful service from…

    We received a wonderful service from mykeyman and will be using them again. The service and product knowledge from team is excellent. Everything was made easy to understand. The price was the best we found too.

    Rating
  • The services received was great

    The services received was great. Many thanks to these professionals at mymainsurance. I will definitely use them again.

    Rating
  • First Class Service

    The standard of service from MyKeyMan 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.

    Rating

Meet Our Team

Our dedicated team are here to offer you expert FCA qualified advice along with 1st class support to make sure the process is fast and simple

meet our team

Jody Pearmain
Jody Pearmain

Managing Director & Founder (My Key Finance Ltd)

Lori Norton
Lori Norton

Administration Manager at MyKeyManInsurance.com (My Key Finance Ltd)

Tyler Pearmain
Tyler Pearmain

Senior Keyman Insurance Adviser at MyKeyManInsurance.com (My Key Finance Ltd)

Keri Gardiner
Keri Gardiner

Customer Service & Website Admin at MyKeyManInsurance.com (My Key Finance Ltd)

My Key Man Insurance

UK’s Number One Business Protection Specialist.