📖 Accountant Guide
The Accountant’s Guide to Income Protection
You protect everyone else’s numbers. This is the short version of protecting your own income.
Get a Free Quote →There is a quiet irony in how many accountants advise clients on risk while leaving their own income exposed. Practice owners and partners have no sick pay, and those who pay themselves in dividends are easily under-insured by cover that only counts salary.
The efficient route often runs through the practice itself — company-paid cover that reflects your real remuneration and carries a tax advantage.
Quick Answers
Accountant Cover — Quick Questions
Can I insure my dividends?
Yes. We build the benefit on salary plus dividends so a claim reflects your true earnings rather than a token PAYE figure.
Do practice owners get sick pay?
No. As a partner or sole practitioner there is no employer cover, which makes income protection a priority.
Can the practice pay for it?
Yes — Executive Income Protection and Relevant Life can be arranged as tax-efficient, company-paid benefits.
Is the company route genuinely cheaper?
It often is once corporation-tax treatment is taken into account, which is why we usually compare both personal and company options.
Good to know: This guide is general information to help you weigh up your options — it is not personal financial advice. Cover, premiums, exclusions and any tax treatment depend on your individual circumstances and the insurer’s assessment. LifeInsuranceForMe is an FCA-regulated insurance broker; speak to us for a recommendation tailored to you.