Many employers don’t operate Occupational Schemes to provide sick pay if you are unable to work. In these scenario, it’s likely that you would be referred to the government Statutory Sick Pay (SSP) scheme.
We speak with countless numbers of clients who have fallen foul of this condition in their employment contract. SSP is approximately £92.05 per week. What this means is that if you had no income protection in place and your employer has no Occupational Scheme in place to top up SSP, you would have to survive on just £368.20 per month (£92.05 per week).
In reality this amount is rarely enough to live on and you may find that in addition to being sick or injured, you would also be burdened with financial worries and debt.