Group income protection insurance

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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

Todd Holden

Swoop have been nothing short of excellent. From sign-up to installation, the whole experience has been great. I can’t recommend them highly enough. There’s no more lag when streaming, and the service has been so good that I’ve also switched my business internet to Swoop. I’m really glad to now be on FTTP- previously, I was using wireless 5G for home and FTTN for the business, and neither came close to the speed and reliability we have now

Oct 15, 2025

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

Few employees could afford to be off work for an extended period due to injury or illness. The financial impact could be devastating. In the same vein, few businesses can afford to lose their important workers for many weeks or months. It hurts company morale, impacts productivity and drives up costs. This is why any business that employs other people needs group income protection insurance. Use it to give your key workers a financial cushion and support their recovery if they are injured or fall sick.

Read on to learn more about this essential business protection.

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What is group income protection insurance?

Group income protection insurance is a business insurance that enables employers to pay employees a percentage of their continued income if they are off work for a long time due to illness or injury. This type of policy can also cover employers against the cost of temporarily replacing the absent employee and will typically include rehabilitation services to help employees return to work as soon as possible.

What are the benefits of group income protection?

Group income protection cover can benefit both businesses and their employees:

Continued income during sickness or injury

Often, when an employee is off work for a long time through sickness or injury, they must rely on their statutory sick pay or state benefits to cover their living expenses. This may not be enough or last long enough to pay all the bills, leaving employees vulnerable to mortgage arrears, accruing debts, even bankruptcy. Instead, group income protection will pay the employee a portion of their salary or wages until they can return to work.

Key benefit to the employee:

Retain most of their salary or wages or salary even if they are off work for an extended period

Key benefits to the business:

Tax deductible expense
Improves employer value proposition (EVP) making your company more attractive to new workers and supporting employee retention

Early intervention and rehabilitation

Group income protection policies will typically give employees access to a range of health and well-being resources, helping them to recognise the symptoms of looming medical issues early in their cycle. This provides the employee with the necessary knowledge to secure intervention treatment before the medical issue develops into a full-blown crisis.

The insurance will also usually provide employees with access to rehabilitation services after they fall ill or suffer an injury. This can help to speed the recovery process, returning them to full health sooner.

Key benefit to the employee:

Treat a medical problem before it becomes a serious condition
Get back on their feet sooner if they become ill or are injured
Covers both physical and mental health

Key benefits to the business:

Prevents unnecessary absences
Gets your key employees back to work and helping build your business sooner

Case management support from the experts

Most group income protection insurers will assign a dedicated case manager to work closely with your employees during the claims process, supporting them with advice, information and regular claims updates.

Key benefits to the employee:

Reduces risk of errors and omissions
Eases employee worry during a difficult time

Key benefit to the business:

Allows you to concentrate on your business knowing your valuable employees are well cared for

Prioritise wellbeing

Group income protection insurance can deliver a range of wellbeing services and workplace wellbeing solutions to help businesses create a healthier, happier workforce.

Key benefits to the employee:

Reliable information resources allow employees to make better lifestyle decisions
Helps to maintain peak employee health

Key benefits to the business:

Fewer absences
Fewer compensation claims
Reduced employee turnover
Better productivity

How much does group income protection cost?

Group Income Protection typically costs between 0.5% -1.5% of payroll, but your exact premium cost will be determined by your business type, your location, the number of employees to be covered and the types of work they do.

Is it essential for a business?

Yes, it is. For four good reasons:

It can help you to maintain a stronger, healthier workforce that will enhance your productivity.

Ensures your important workers are protected financially, and that they have access to well-being and rehabilitation resources if injury or illness strikes. (This is a key step in your statutory provision of duty of care).

It helps sick or injured workers to return to work sooner. This is good for them and for you.
Employees who can see their employer supports them are less likely to leave for pastures new. This benefits your organisation with lower employee turnover, reduced recruitment costs and saves you from losing valuable worker experience.

How to arrange coverage

Just as no two businesses are the same, so no two group income protection policies are the same. Because every business will need a policy that’s customised to fit their operation it makes sense to compare different offerings from different insurers before making any purchase. Start the process here.

How Swoop can help

Keeping your workforce healthy and happy is key to business success. Don’t let long-term illnesses or injuries cause hardship to your employees or impact your operation’s productivity. Register with Swoop today to compare top-quality group income protection policies 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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At Swoop we want to make it easy for SMEs to understand the sometimes overwhelming world of business finance and insurance. Our goal is simple – to distill complex topics, unravel jargon, offer transparent and impartial information, and empower businesses to make smart financial decisions with confidence.

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