Statutory Sick Pay is around ££123.25 a week — and many directors don't even qualify. Executive income protection can replace up to 80% of your salary and dividends, paid for by your company, usually with corporation tax relief.
The uncomfortable numbers
Statutory Sick Pay per week (2025/26) — and many directors on a low salary don't qualify at all
Workers face being off work for 8+ weeks at some point during their working life
Employer sick pay for most limited company directors — there's no employer but you
Of gross earnings (salary + dividends) typically coverable with executive income protection
Start here
A plan owned and paid for by your limited company that replaces a chunk of your income if illness or injury stops you working.
Read the guide →Premiums are usually an allowable business expense, so corporation tax relief typically applies — and it isn't a P11D benefit in kind.
See the tax treatment →Ltd company directors, contractors trading through their own company, and LLP members. Age, health and occupation all play a part.
Check eligibility →Free tool
Two numbers is all it takes: what you take home each month, and how long you might be off. The result tends to focus the mind.
Open the gap calculatorLatest guides
Made for you
You're the business. If you stop, revenue stops. See how the company can protect the person who runs it.
ContractorDay-rate income, no employer sick pay, gaps between contracts. Cover built around how you actually get paid.
AccountantPlain-English resources on the tax treatment of executive income protection to share with your director clients.
This website is for information only and does not constitute financial advice. To find out whether director income protection is right for your circumstances, speak to a qualified financial adviser. Directorincomeprotection.co.uk is a trading style of NeedingAdvice.co.uk Ltd, registered in England & Wales No. 12978572. Registered Address: 107-109 Far Bank, Shelley, Huddersfield, United Kingdom, HD8 8HT. NeedingAdvice.co.uk Ltd is an Appointed Representative of Rosemount Financial Solutions (IFA) Ltd, authorised and regulated by the Financial Conduct Authority (FCA), entered on the FCA Register under reference 938312. The information contained within this website is subject to the UK regulatory regime and is therefore targeted at consumers based in the UK.
Income protection policies typically have no cash-in value at any time and cover will cease at the end of the policy term or on retirement, whichever is sooner. If premiums are not maintained, cover will lapse and payments will stop. Benefits paid may be subject to deferred periods, maximum benefit periods and definitions of incapacity set by the insurer, and are not guaranteed in all circumstances. Where a mortgage or any borrowing secured against your home is discussed, please note: your home may be repossessed if you do not keep up repayments on a mortgage or other loan secured on it.
This assistant provides general information only and does not give financial advice. NeedingAdvice.co.uk Ltd is an Appointed Representative of Rosemount Financial Solutions (IFA) Ltd, authorised and regulated by the FCA (ref 938312).