Protecting the people who drive your business forward.
A smart, business-owned way to secure the financial future of your directors and key executives.
A Premier Benefit for Top Talent
Your leadership team is the engine of your business. Whether they are company directors, high-earning executives, or vital senior managers, their ability to work is directly tied to your company’s success.
However, standard statutory sick pay is rarely sufficient to cover the mortgage and lifestyle costs of a high earner. Executive Income Protection is a policy taken out and paid for by the business, designed to pay a monthly benefit to the company in the event of a valid claim, which is then passed onto the employee via PAYE.
It is an incredibly valuable employee benefit that demonstrates a genuine commitment to the welfare of your most important staff.
Understanding the Business Benefits
Unlike personal Income Protection, where the individual pays premiums from their net income, Executive Income Protection is owned by the company. This structure can often be highly efficient for the business, as premiums are typically treated as an allowable business expense for Corporation Tax purposes, rather than a P11D benefit-in-kind for the employee.
While these arrangements are generally tax-efficient, Kingsbridge are protection specialists, not tax advisers. We always recommend confirming the specific tax treatment of the premiums and benefits with your company accountant to ensure it aligns with your financial planning.
Recruitment, Retention, and Peace of Mind
In a competitive job market, the benefits package you offer can be the deciding factor for top-tier talent. Offering Executive Income Protection signals that you are a responsible employer who values long-term stability. It removes the anxiety of “what if?” for your key people, allowing them to focus entirely on their role without the distraction of financial insecurity.
Should illness or injury strike, the policy ensures they can maintain their standard of living while they recover, fostering loyalty and ensuring that when they are ready to return, they come back to a business that supported them when it mattered most.
