It's commonplace that employees or people who are self employed find themselves unable to work due to illness or injury.
Income protection is an insurance policy that replaces part of your income if you're unable to work due to injury or illness. Should you suffer from an injury or become ill enough that you weren't able to work;
How long would your savings last to cover your mortgage, bills or debts?
How long would your company pay sick pay before they cut it off?
How would you and any dependants cope if you didn't have sick pay?
If you don't have that type of protection, you may want to consider income protection as a safety net that would support you or your family if your circumstances were to change.
Income protection analogy
Hypothetically, If you had a printer in your kitchen that printed anywhere between £30,000 - £100'00 every year, how much would you insure it for?
Nearly every client says they’d insure it for as much as they can.
There's no difference between you and that printer,
your ability to get up and go to work every day and earn an income serves the same ability to generate money just like that precious printer.