If the worst happens and you lose a managing director or another key player in your team, you need to be covered. Access funds to help cover salaries and the cost of employing temporary staff.

If you’re unable to work due to illness, injury or redundancy, mortgage protection insurance will provide you with financial support. This will help cover your monthly mortgage payments until you return to work.

SSP will pay a maximum of £99.35 per week for a maximum of 28 weeks. With people’s average spending a month being a lot higher than this, an income protection policy can ensure there are no shortfalls and that you do not fall into debt. Also, an income protection policy is usually set for several years meaning that you don’t worry about ‘what next’ once 28 weeks has passed.

If you are in receipt of employed or self-employed income then the answer is likely now. No matter how small or large your outgoings are, the chances are that should your income stop, this will have an effect on you, your life and even your loved ones.

Smoking can cause your policy to be more expensive compared to someone who does not smoke however that’s not guaranteed. There are many other factors that will also be considered such as medical conditions, previous health, BMI and so on.