Executive income protection insurance

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Marc G.

Got my first exposure to equity funding from swoop

Feb 21, 2026

Hannah Taylor

Swoop made the entire funding process incredibly straightforward and stress-free. From the outset, the platform was easy to navigate and clearly designed with businesses in mind. The team took the time to understand our needs and presented funding options that were genuinely relevant, rather than a one-size-fits-all approach. What really stood out was the level of support throughout the process. Communication was clear, responsive, and professional at every stage, and we felt well informed from initial enquiry through to completion. The expertise and transparency provided gave us real confidence in the decisions we were making. Overall, Swoop is an excellent solution for businesses looking to explore funding options efficiently and with expert guidance. I would highly recommend them to any business seeking a reliable, knowledgeable, and customer-focused funding partner.

Jan 23, 2026

Michael

A user friendly and intuitive platform that did not make the process onerous. Also Ikrah Ramzan, the Asset Finance Funding Manager was helpful, engaging, and supportive through the process.

Jan 20, 2026

Paul Brogan

Great service nice people pleasure to work with, highly recommend them

Jan 16, 2026

Peps Cafe

Very good customer service 👏

Dec 13, 2025

Rachel Martin

Working with the team at Swoop Finance has been genuinely brilliant, both as a partner and as an accountant, recommending them to clients. Their platform makes the funding process feel clear and accessible, and their team really take the time to understand each business before suggesting options. I’ve referred several clients through Swoop this year - from start-ups to established companies and each one has come back saying how seamless and supportive the experience was. From my side, collaborating with Swoop has been effortless. They genuinely care about helping business owners grow sustainably, and their communication and professionalism make them a standout partner in the finance space. Great for accountants looking to add value to their clients and for business owners looking to explore funding with confidence.

Dec 12, 2025

Taz Allinson

Working with Swoop has been brilliant. They’ve been a great brand to collaborate with behind the scenes, and our clients are already feeding back positive results after using Swoop to access funding for their businesses. Highly recommend!

Dec 9, 2025

Frank Coelho

Fantastic tool for business owners. It simplifies the funding landscape and brings everything into one dashboard. I was able to see my options quickly without the usual hassle. Very impressed with the service.

Dec 5, 2025

BuildBright Contractors

We recently worked with Swoop Funding to help finance our new van purchases, and the experience was outstanding from start to finish. The process was smooth, transparent, and far easier than we ever expected. A special shout-out goes to Ikrah, who was absolutely fantastic throughout. She was proactive, knowledgeable, and incredibly supportive—always quick to respond, always clear in her explanations, and genuinely committed to finding the best possible solution for us. Her professionalism and friendly approach made the entire journey not just stress-free, but genuinely enjoyable. Thanks to Swoop—and especially Ikrah—we were able to secure the right funding quickly and confidently. We couldn’t be happier with the service and highly recommend them to anyone looking for business finance done right.

Nov 18, 2025

Claudia Mirabela Costea

A bit late with my feedback but I want to recognise how supportive swoop has been with assisting me to find the best funding for my tiny business.In a world full of possibilities it is rare to find people to help you explore the right paths for your needs.I want to also recognise Daniel M. On this ocassion as he was very professional and prompt to get involved and emailed me all the resources I needed

Oct 19, 2025

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Page written by Chris Godfrey. Last reviewed on May 22, 2025. Next review due October 1, 2027.

For many business owners, especially those within small companies, being unable to work because they are injured or sick will usually mean a loss of some or all of their income. This can have life-changing impact, causing them to fall behind on mortgage payments, run up debts, run foul of the tax man, even lose their business. Fortunately, executive income protection is available to eliminate this threat. Use it to protect directors and key employees – safeguarding their earnings and preventing financial catastrophe should the worst ever happen.

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What is executive income protection insurance?

Designed to support small and medium-sized companies, executive income protection (EIP) is a type of business insurance. It pays a regular monthly benefit should a key employee or director become too ill or injured to work. Popular with contractors and directors working in their own limited company, EIP can reduce the impact of long-term illness or injury, covering up to 80% of the insured’s income.

Key features of an executive income protection insurance policy

Suitable for directors or employees of limited companies
Usually counts as a tax-deductible expense to the company
Protects an individual from loss of income due to illness or injury
Tax-efficient way of taking out income protection
Can cover up to 80% of the insured’s income, including dividends and directors’ loans
Options to also cover employer national insurance payments and pension contributions, as well as spousal earnings

Policy details:

Policy term – policy will usually run until the employee retires or reaches a maximum age of 70 years.
Payout period – choose between short-term plans which pay out for 1-5 years, or a long-term plan that pays out until the employee is well enough to work again or reaches the policy end date.
Deferral period – this is the amount of time the insured needs to be off work before the policy starts to pay out. The longer the deferral period the lower the premiums are. 1 to 4 weeks is a typical deferral period.
Guaranteed or reviewable premiums – reviewable premiums are cheaper initially, however the insurer will retain the option to review the prices periodically (usually every 5 years).
Index linking – for extra cost, the plan may be set to track inflation. This will cost more but it means the plan is likely to remain more relevant in the future.

What does executive income protection cover?

Executive income protection insurance will cover the income of the insured, whether that is generated by salary, dividends, or director’s loans.

How does executive income protection work?

Executive income protection protects the insured’s income in the event of accidental injury or any medical issue they may suffer from except those they experienced in the past (known as ‘pre-existing conditions’).

The policy is arranged and paid for by the company (the policy owner) on the life of the employee (the person insured). If the employee becomes ill or injured and is unable to work, the company makes a claim against the policy. All payments from the insurer are paid to the company who then pass those payments to the employee via PAYE to fund their ongoing sick pay. The employee can use the funds to cover normal expenses, such as mortgage payments, food and utilities.

Who is executive income protection for?

Executive income protection is for the owners, directors and key employees of a limited company. Sole traders, the self-employed and partnerships who do not work through their own limited company should purchase individual income protection insurance. This cover is similar to EIP, but may have differing levels of cover, with any claims being paid direct to the individual, not via a company and PAYE.

Is this cover essential?

Yes, it is. The temporary or long-term loss of a key company director or employee can have great impact on the business, but it can be even more devastating to the individual who suffers sickness or injury. Relying on reduced income from statutory sick pay and state benefits may not be sufficient to cover their day-to-day expenses or fund any specialist medical support they need. Executive income protection insurance is designed to pick up the slack, ensuring company owners and their all-important employees can adequately maintain their lifestyle as they recover.

How Swoop can help

Don’t let illness or injury impact your business and the lives of your employees. Register with Swoop today to compare top-quality executive income protection from a range of insurers and to discuss all your business insurance needs.

Written by

Chris Godfrey

Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Wells Fargo Bank, Visa, Experian, Ebay, Flywire, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of US consumer and business finance.

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