What is income protection for business owners?
Income protection for business owners, in one sentence
You pay a small monthly amount, and if illness or injury stops you from working, you get a monthly check until you're back on your feet.
The payment
Fixed from day one and never goes up during your policy. It costs less than most people expect.
The trigger
An illness or injury that keeps you from doing your job, not just catastrophic accidents. Most claims are things like back problems and long illnesses.
The benefit
A monthly check that replaces a share of your income while you recover: rent, groceries, and the bills that don't pause when you do.
Who needs business-owner income protection?
Is this you?
The business runs on you
"If I'm off, the shop is off."
When you are the product, the sales team and the delivery driver, illness closes the till. A monthly benefit keeps your household running while the business waits for you.
Fixed costs don't pause
"Rent, staff, stock: none of it waits for me to get better."
Business outgoings carry on through a recovery. Protecting the income you draw means home bills never compete with business bills.
Directors of your own company
"Statutory sick pay would barely cover my phone bill."
SSP is about £123 a week, if you qualify at all. Income protection pays a share of what you actually draw, month after month.
Family on the drawings
"The business pays the mortgage."
If your household runs on what the business pays you, cover that income like the asset it is, up to retirement age if you choose.
Still got questions?
£123
a week: all statutory sick pay would give a company director who qualifies. Most owners draw far more.
Source: GOV.UK statutory sick pay rate
Why business owners choose Eleos
What makes us stand out.
Income protection the way it should be: fast, human, and honest.
Income protection FAQs for business owners
Before you decide
More ways Eleos protects you
One promise, more triggers
Whatever happens, the money keeps coming.
If you're gone
Term life insurance: cash for the people who depend on you, sized to what you want to leave behind.
Available nowFor every day in between
Wellness Subscription: remote GP, counselling, physio and more, 24/7.
IncludedFor all the years you're here
Wellness support that doesn't wait for emergencies
24/7 telemedicine, concierge support, and financial planning tools come with your cover, so it gives you something every day and not just on the worst one.