CompanyPMI

Long-term absence cover

Group Income Protection

Support employees who can't work due to illness or injury — and protect your business from the sustained cost of long-term absence.

What it is

Replacing income when an employee can't work.

Group Income Protection pays a proportion of an employee's salary — typically 50–75% — if they are unable to work due to a long-term illness or injury. Payments begin after a defined deferred period (usually linked to how long the employer continues to pay full or reduced salary) and continue until the employee returns to work, reaches retirement age, or the policy benefit period ends.

For employees, it provides financial security during what can be an extended and uncertain period. For businesses, it transfers the ongoing cost of long-term absence to the insurer, reducing pressure on payroll and helping to maintain a clear, fair policy for managing absence.

Many group income protection policies also include rehabilitation and return-to-work support services — helping employees recover sooner and reducing the total cost of a claim.

Who it's for

For businesses that take staff wellbeing seriously.

Group income protection is suitable for businesses with five or more employees, and works well as part of a broader employee benefits strategy alongside group life assurance and PMI.

  • Businesses that want to provide genuine long-term support to employees who become unable to work
  • Employers looking to reduce the financial impact of long-term absence on the business
  • Companies seeking to complement existing statutory sick pay arrangements
  • HR teams wanting a structured framework for managing long-term absence
  • Businesses that already have group life assurance and want to build a complete benefits package

Why use a broker

The right structure, properly benchmarked.

Group income protection involves a number of design decisions — deferred period, benefit period, benefit level, definition of incapacity — that significantly affect the cost and appropriateness of the cover. Getting these wrong can mean paying for cover that doesn't respond when you need it to.

As a whole-of-market broker, CompanyPMI will help you design a scheme that fits your absence policy and budget, then source it from every available insurer to ensure the terms are competitive. We manage the scheme ongoing — at no cost to your business.

Protect your team's income.

Tell us about your business and we'll design and price a group income protection scheme across the whole market.

Get a quote