Introducing Executive Income Protection

If you run a small business, getting some financial protection for your key personnel can give you and your colleagues some peace of mind. Here, we explore how Legal & General Executive Income Protection works.

What is Executive Income Protection?

Executive Income Protection pays a monthly benefit to the business if your named employee is unable to work through illness or injury. The money can be put towards the employee’s ongoing sick pay so that they don’t have to rely on their savings or state benefits.

What does Executive Income Protection cover?

If you take out Legal & General Executive Income Protection, the policy can be used to cover your employee’s income from a range of sources, including:

  • Earnings
  • Dividends
  • P11D benefits

At an extra cost, Executive Income Protection insurance can also cover:

  • Employer pension contributions
  • Employer National Insurance contributions.