How to stay paid during sick days
Taking a sick day every now and then won’t break the bank. But what about a sick week? Sick month? Sick year?
Sick pay insurance, also known as income protection insurance, is an essential tool in protecting your monthly income if the unexpected happened, and you had to take time off work.
Why sick pay insurance
Dealing with illness can be challenging enough without the added stress of financial strain.
Sick pay insurance acts as a vital lifeline, offering you a regular income when you're unable to work due to health reasons. It’s not just about income replacement; it’s about peace of mind and maintaining your standard of living even when life throws you a curveball.
Understanding how sick pay insurance works
The way this policy works couldn’t be more simple. If you’re too ill or injured, this cover essentially steps in as your financial backup, covering up to 60% of your monthly income if illness or injury keeps you from working.
The tax-free monthly payments are yours. So spend them how you like. But people commonly use the payments from this policy to afford essentials such as:
- Paying the bills
- The weekly food shop
- Childcare costs
- Insurance payments
Debunking common excuses
We all make excuses in life. Whether it’s why you missed the gym for the third week in a row. Or why you were too busy to go to that party.
But when it comes to excuses about insurance - we’re not letting them slide. Have you ever been guilty of making any of these excuses?
Excuse: "I have plenty of money in savings."
Reality: Savings are a temporary cushion. Sick pay insurance provides ongoing support, preserving your hard-earned savings for the nicer things in life.
Excuse: Statutory Sick Pay (SSP) is enough.
Reality: SSP's limited £109.40 weekly allowance is often insufficient to cover most people’s expenses. Sick pay insurance offers a safety net that is tailored to your income, lifestyle, and budget.
Excuse: It won't cover mental health.
Reality: Many policies cover for mental health conditions, ensuring support regardless of the nature of your illness.
Excuse: It's similar to health insurance.
Reality: Sick pay insurance and health insurance serve different purposes; the former ensures financial support whilst you’re off work sick, while the latter focuses on speedy access to treatment.
Support beyond your policy
When you have a policy with one of the UK’s top insurers, they go above and beyond. This means well-being benefits such as 24/7 GP appointments, personalised fitness and nutrition plans and second medical opinions*.
But many also offer services to facilitate your return to work, including:
- Physical rehabilitation: Assistance like physiotherapy to regain physical strength
- Mental health support: Crucial for holistic recovery
- Return-to-work tools: Tailored help to ease your transition back into the workplace
And the best part. These additional services don't impact your policy pay-out amount or cost you anything.
The benefits of sick pay insurance
Whether you’re self-employed or working for someone else, this policy is the secret weapon you should have in your back pocket.
- Stress reduction - With money coming in every month, you can focus on your recovery without the added burden of financial concerns
- Continued income - Think of it as a stand-in for your regular income, providing financial consistency
- Extras - Enjoy wellbeing benefits and back to work support, included in your policy package
Still trying to figure out sick pay insurance?
Get in touch!
Our experts specialise in sick pay insurance, they can help put you at ease and answer any questions you may have. We’re here to guide you through the process of choosing a policy that aligns with your lifestyle and budget.
*Free benefits are subject to change and are not contractual