Your major asset is not your house, not your superannuation, not your car but your ability to earn an income.

What is Income Protection Insurance?

Income protection insurance insures your income. It replaces the income lost through your inability to work due to injury or illness. Income Protection insurance is critical for self employed people, small business owners and operators, subcontractors and professionals that work in a business or on a contract basis.

As a self employed person you are unlikely to have accumulated leave entitlements to cover you if you are off work for an extended period of time. Furthermore, if you are sick or injured in addition to meeting mortgage or rent commitments, day to day living expenses, loans and leases on plant, equipment and motor vehicles, how would you finance the ongoing overheads of maintaining the day to day operation of your business.

If you do have Income Protection insurance, please ensure that you do review the cover in the policy to reflect the increase in overheads in your personal and business circumstances.


Should you require any further information please feel free to contact Peter Quinn by submitting an online enquiry or calling us on +61 2 9580 9166 to book an obligation free appointment.


The information in this document does not take into account your personal objectives, financial situation or needs and so you should consider its appropriateness having regard to these factors before acting on it.  It is important that your personal circumstances are taken into account before making any financial decision and it is recommended that you seek assistance from your financial adviser.