LIMITED COMPANY INSURANCE - INCOME SICKNESS PROTECTION
INCOME PROTECTION INSURANCE QUOTES - FOR A LIMITED COMPANY
Running a Limited Company business can be both physically & mentally challenging choice of job - dependant on your type of work. If you are say a "contractor" type Ltd Company business or a medium sized business - you may have thought before about the implications of short or longer term income protection on your Ltd Co business arrangements.
Nobody wants to think about being off work sick or having an accident say injuring yourself - but unfortunately many Ltd Company Owners themselves do suffer from some form of accident, injury or illness during their working life.
Most Limited Company Directors cannot get by on limited government benefits...the figures will not add up. Would the Ltd Company need to be wound up ? If you are off with any longer term illness - you will need to make arrangements for yourself.
Income Protection Cover ~ Limited Company ~ Typical Key Features
Government benefits are very similar to unemployment insurance ie; probably insufficient and so people would probably see a very substantial drop in their income if they were out of work, even for more than a few months because of illness or disability.
Income Protection Insurance Quotes for a Limited Company
If you can't work because of illness or disability, an income protection plan aims to pays out a replacement income.
"PHI Income Insurance" tries to put you back into the same situation you were in before you were ill. But it does not allow you to be better off sick than well. So the maximum amount of income you can replace is the after-tax earnings you have lost, less an adjustment for any Uk State benefits you can possibly claim.
Tell me about Income Insurance for Limited Company Directors
PHI Sickpay Insurance For a Ltd Company Director
This website is intended for UK consumers & any information contained therein is for Generic Guidance only and is not to be construed as advice.
By completing one of our no obligation quotation request forms, you may be provided with comparison protection quotes, key facts from leading Providers - based just on the basic information you have provided. Note: These quotes will not take account of any personal, health or lifestyle issues unless a full application is completed. You also consent for us to then kindly contact you by phone - where we may offer Professional Broker help & guidance if needed. We may as appropriate then help to arrange a suitable protection policy based upon your own circumstances & needs after a further review by "advice & recommendation". This will usually be on a non face to face basis.
For products with an investment element we will introduce you to an authorised adviser. We act as introducers for Accident, Sickness and Unemployment and Mortgage Payment Protection Insurance plans. We may also introduce you to other selected professional partners for other protection or legal products as deemed appropriate. Online Dispute Resolution (ODR) - https://webgate.ec.europa.eu/odr/main/index.cfm?event=main.home.chooseLanguage. Financial Ombudsman. https://www.financial-ombudsman.org.uk We nominate to fundraise for Great Ormond Street Hospital Charity.
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