Sick Pay Insurance

Sick pay insurance is an insurance policy designed to help you if you can’t work because you’re ill or injured. It ensures you continue to receive a regular income until you retire or are able to return to work.

Did you know?

• 1 in 4 people suffer a mental illness in their lifetime
• 1 in 3 will be diagnosed with cancer during their working lives
• Some studies show as much as 60% of adults will suffer back pain
• Over half of IP claims are due to mental illness, back pain and cancer

With statistics such as these, Government support is kept to a minimum level (Statutory Sick Pay is £109.40 per week as of April 2023, payable to employees after 4 days off up to 28 weeks). This means that income replacement policies play a vital role in ensuring you and your families financial well being is secure.

Common questions for Sick pay insurance

Who can apply for Sick pay insurance?
Sick pay insurance is available for a wide range of people. Whether you’re employed, a sole trader, or a director of your own limited company, we can help you find the right solution. We partner with providers across the market to ensure everyone can access the protection they need.

What types of Sick pay insurance policies can you get?
You can get all types of Sick pay insurance policies. You can have a policy that pays out for a certain period of time if you are off but have limits. Or you can have a policy that will pay out until retirement age if you are medically unfit to return to work.

How long do I need to be off before it pays out?
You have flexibility in choosing how long you need to be off work before receiving benefits. This is called the deferment period, and it can start as early as the very first day you’re unable to work or it can align with your company’s sick pay policy if you’re eligible for that.

Does my occupation have an impact?
The short answer is yes. If you do a more dangerous occupation it can be harder to get Sick pay insurance. That is why we work with specialist providers to make sure we can offer something to everyone.

Can I get Sick pay insurance if I have medical conditions?
Yes you can but of course the severity of illness does have an impact. We have various providers to choose from allowing us to get a suitable product for most of our customers.

What is Accident and Sickness Cover?

Accident and sickness insurance is a type of Sick pay insurance policy designed to help anyone in employment meet their living costs in the event they are not able to work following injury or illness. It enables you to cover monthly outgoings until you’re back on your feet again, or indefinitely, depending on the circumstances.

What is the difference between Sick pay insurance and Accident and Sickness Cover?

Unlike Income Protection, Accident and Sickness cover does not require you to answer any medical questions at the time of inception. Instead any underwriting required will be done when you make a claim on the policy, which can benefit those who have pre-existing medical conditions. Accident and Sickness policies will cover you until you are able to return to work or for a maximum period of usually one year.