You’ll probably find it difficult to get Group Income Protection quotes online. This is because it’s a fairly complicated, dynamic product that’s not well-suited to online quotes.
Ultimately, the cost of Company Income Protection depends on a number of different factors. Some will relate to your business, while others will relate to your policy requirements.
To get the ball rolling, you’ll need to provide a basic level of anonymous employee data. This will include:
Some insurers will also ask you about where your employees are based (some postcodes are riskier than others) and whether they engage in any overseas travel to ‘high risk’ areas. High risk areas include countries with active or recent conflicts, outbreaks of infectious diseases or political instability.
The above are all factors that affect Group Income Protection premiums that you can’t change. However, there are two main variables within Company Sick Pay Insurance that you can adjust which will have an effect on the cost of cover:
If you would like to get an idea of cost we are here to help, it is best to quick conversation to understand your needs and discuss some key policy factors including:
Once we have a good idea of what you are looking to achieve we will need to gather the basic anonymous employee data before we go out to each provider in the market on your behalf.
After the insurers have replied to our requests, we will come back to you with a recommendation report that contains your Group Income Protection quotes from all relevant providers in the UK market.