Business terms and jargon explained. Your business dictionary

What is Income Protection Policy

This type of insurance policy is for an employee where if they are made redundant or have an accident or sickness that makes it impossible to work. They can still have an income for a period of time. If you are self-employed then you can get a similar type of insurance. This will give them some time to adjust to their new situation and recover

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Term created / updated 2006-03-23 10:51:29

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