Director Income Protection

Income Protection Insurance is a great safety net for providing peace of mind that should you become too ill or injured to work, you will receive an income benefit which would allow you to continue to pay your essential monthly outgoings.

What is Director Income Protection?

The main difference between a company director policy and a regular Income Protection policy is that as a director, your company (rather than you personally) can pay the premiums for the cover.

Benefits of having Director Income Protection

  • Tax Benefits: Company Director Policies can be funded by the business. Any premiums paid by the company are likely to be treated as a legitimate business expense by your accountant.
  • Tailored Coverage: Director Income Protection is specifically designed for the unique financial needs and responsibilities of company directors, offering more customised coverage.
  • Benefit Limits: Directors often have different remuneration structures than a standard employee, i.e. salary, dividends and pension contributions. Directors Income Protection can consider their whole remuneration package.

Our Service Offer

Our income protection service offers a range of benefits to ensure that you are fully protected in the event of an unexpected illness or injury. Here are some of the key features of our service:

  • Flexible coverage options: We offer a range of coverage options to suit your individual needs and budget.
  • Fast and easy claims process: We understand that dealing with an illness or injury can be stressful enough, which is why we strive to guide you through every step of the process to ensure that you receive the support you need when you need it most.
  • Competitive pricing: We believe that everyone deserves access to quality income protection, which is why we offer competitive pricing on all of our plans. Our team will work with you to find a plan that fits your budget and provides the coverage you need.
  • Expert advice: Our team of experts is always on hand to provide you with the advice and guidance you need to make informed decisions about your coverage. We are committed to providing our clients with the support they need to make the best possible choices for their financial future.
  • Peace of mind: With our income protection service, you can have peace of mind knowing that you are fully protected in the event of an unexpected illness or injury. You can focus on your recovery and rest assured that you have the financial support you need to maintain your standard of living.

If you are interested in learning more about Director Income Protection and how it can benefit your business, please contact the SMH Financial Services team on info@smh.group or 0114 266 4432.

Financial protection policies typically have no cash in value at any time and cover will cease at the end of the term. If premiums stop, then cover will lapse.