Who do you cover for income protection

We provide cover for any UK resident aged 18-69 who has been working a minimum of 16 hours per week for at least 6 months prior to taking out a policy. If you are self-employed, you must have been working continuously for at least 6 months prior to the policy start date. 

NOTE: We have separate plans for people participating in motorsports, or for those who or are a passenger on a motorcycle when performing any work such as couriers, delivery drivers or taxi drivers. Make sure that you purchase the correct plan for your activities. Please call 0800 520 0218 to learn more about our various income protection plans.

There are exclusions, for example, if you are under the influence of alcohol or drugs, in a war zone, or if injuries are self-inflicted. See the full list of exclusions here.

Do you cover pre-existing injuries and medical conditions?

We do cover pre-existing injuries and medical conditions you are aware of but only if you have not received treatment for these conditions in the 12 months up to the policy start date.

If you have received treatment for an injury or illness within the previous 12 months, then these pre-existing injuries and medical conditions are excluded from cover until you are symptom-free and have not consulted a doctor or received treatment for the condition(s) for at least 24 months after the policy start date.

This is described as a moratorium in insurance jargon and you will see this term on your application and policy documents. By issuing plans based on the understanding of a moratorium on pre-existing conditions, we are able to provide immediate acceptance to anyone applying for our Income Protection Plans.

Why do you only cover 60% of my income?

Most insurance companies cover between 50-60% of your income and while some companies might cover more, this will be reflected in the premiums you pay. 

Note that this income protection insurance payment is tax-free. Other cover options may be available depending on your circumstances. Please call 0800 520 0218 to discuss further.

I see that the cover is up to a year – what happens if I am off work for longer?

The Precise Protect Income Protection Plus and Precise Protect Guaranteed Motorsports Income Protect Plus Plan cover you for up to a year off work. If you would like to protect yourself in the event you are off work for longer than a year please call 0800 520 0218 to learn more about our long-term cover plans.

What is the 14+ and 30+ day waiting period about?

The 14+ and 30_ day waiting period refers to the time you must be off work before you can submit a claim. In either case, your successful claim will be back paid to your first day off work.

Employers are required to pay statutory sick pay of at least £92.05 per week for up to 28 weeks if you are off sick for more than 4 days. This means that you may only want to get cover after a 30-day wait period. However, if you are self-employed, your employer doesn’t offer additional cover or you have higher monthly bills, you may want to choose the 14+ day plan which starts paying out sooner. However, the premiums are slightly higher for the 14+ wait period plan compared to the 30+ day plan.

I am self employed so my income varies – how do I choose my level of protection?

At the time of claim, you will need to prove your income by showing 6-months of bank statements so you should choose your level of cover based on this.

I am self employed so how do I prove my income?

Unlike other policies on the market where you need to provide evidence such as SA302s or certified accounts, we’ve made it as simple as possible for you to make your claim. You will only need to provide:

  • 6 months bank statements AND/OR;
  • Evidence of Class 2 National Insurance Contributions

Can I see your full list of exclusions?

Yes! We have nothing to hide, you can read about our exclusions HERE.