Protection insurances
Safeguard yourself with critical illness, personal accident, and income protection insurance tailored for the self-employed.
Why is protection insurance important for the self-employed?
Protection insurance provides valuable peace of mind for self-employed professionals who rely on their ability to work for their income.
Without the safety net of employer benefits, having cover for critical illness, personal accident, or income protection ensures that you’re prepared for the unexpected. Our partnership with Freelancer Financials offers insurance solutions tailored to your needs, so you can focus on your business, knowing that you have financial support in place if life takes an unexpected turn.
Protection insurance products for contractors from Freelancer Financials
Income protection insurance
What is it?
A policy that replaces a portion of your income if you’re unable to work due to illness or injury.
Why do you need it?
- Ensures financial stability during recovery periods
- Maintains your lifestyle and meets financial obligations
- Provides peace of mind, allowing focus on health without financial worry
- Protects against the unpredictable nature of contracting life
When can you claim on it?
- If you’re unable to work due to illness or injury
- During short-term or long-term disabilities that prevent you from working
Life insurance
What is it?
A policy that provides a tax-free lump sum payment to your beneficiaries in the event of your death.
Why do you need it?
- Offers financial protection for your loved ones
- Covers outstanding debts, mortgage payments, or ongoing living expenses for your family
Allows for tax-efficient estate planning through potential trust arrangements
When can you claim on it?
- The policy pays out upon your death
Critical illness cover
What is it?
A policy that provides a tax-free lump sum payment if you’re diagnosed with a specified serious illness.
Why do you need it?
- Offers financial freedom during challenging times
- Allows focus on recovery without financial stress
- Provides flexibility in using the payout (e.g., medical treatments, bills, home adaptations)
- Can include protection for your children against critical illnesses
When can you claim on it?
- Upon diagnosis of a specified critical illness covered by the policy
Relevant life insurance
What is it?
A tax-efficient life insurance solution specifically designed for limited company contractors.
Why do you need it?
- Optimises your company’s tax position while providing life cover
- Offers tax relief on premiums as an allowable business expense
- Provides death-in-service benefits without setting up a group life scheme
- Particularly advantageous for high-earning contractors who’ve maximised pension contributions
When can you claim on it?
The policy pays out a tax-free lump sum to beneficiaries upon the death of the insured person (company director or employee)
Make a protection insurance enquiry
Ready to take the next step? You can request a callback using the form below to go over your options and find the best quote for your circumstances.
Financial advice is given by Freelancer Financials, which is a trading name of Mortgage Quest Ltd and is regulated and authorised by the Financial Conduct Authority (FCA), under firm reference number 312484. Registered office address for Mortgage Quest Ltd is Avondale House, 262 Uxbridge Road, Hatch End, Pinner, Middlesex, HA5 4HS. Registered in England No. 5013239.
Have questions?
Our friendly team are on hand to provide you with more information about our services, and answer your questions.
