Personal Protection & Insurance
Discover insurance products specifically tailored for you
By getting to know you and how you work, we find the right cover to meet your unique needs and provide guidance to help make your money work harder.
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Personal Protection For Contractors, Freelancers & Business Owners
When you’re self-employed, a company director, or working as a contractor, protecting your income and your family isn’t as simple as ticking a box. Without the benefits of an employer sick pay scheme or group insurance, the financial risks fall squarely on your shoulders.
That’s why personal protection insurance isn’t just smart – it’s essential.
At Broadbench, we specialise in personal protection for freelancers, contractors, and limited company directors, and people whose income and circumstances don’t fit the “standard employee” mould. Whether you’re looking for Life Insurance, Critical Illness Cover, or Income Protection, we’ll help you build a plan that reflects how you earn, live, and support those who depend on you.
Your income funds your lifestyle. Your protection plan should reflect that.
Whether you are searching for Relevant Life Cover and Executive Income Protection or flexible Critical Illness policies, our advisers will guide you through the best options for your situation.
We’re your first choice for life insurance for contractors, income protection for self-employed professionals, and the best way to secure your family’s financial future. You’re in the right place.
Our Protection & Insurance Products
Life Insurance
Life insurance provides your loved ones with a lump sum if you pass away during the term of the policy. We'll help you choose policies that align with your income structure and family needs.
Whole Of Life
Unlike term insurance, which ends after a set period, whole of life insurance provides a guaranteed payout whenever you pass away, offering lifelong protection. It’s an ideal solution for IHT planning.
Critical Illness
Critical illness cover pays a lump sum if you're diagnosed with a serious illness such as cancer, heart attack, or stroke. That payout can be used to cover treatment costs, replace income, or adapt your home if needed.
Private Healthcare Insurance
Private health insurance ensures fast access to diagnosis, treatment, and recovery, helping you stay healthy and return to work sooner.
Income Protection
If illness or injury stops you working, your income could dry up fast. Contractor income protection replaces a portion of your monthly income so you can focus on recovery without financial stress.
Buildings & Contents Insurance
This cover protects the physical structure of your property and the valuable possessions inside it; from your tech and tools to your furniture, appliances, and personal belongings.
Inheritance Tax Planning
Planning for the future means more than just protecting your income, it also means protecting what happens to your wealth after you're gone. Without proper Inheritance Tax (IHT) planning, up to 40% of your estate above the tax-free threshold could go to HMRC instead of your family.
Wills & Trusts
We’ve partnered with Kinherit, a trusted provider of Wills, Trusts, and estate planning services tailored for business owners, freelancers, and contractors.
Common Objections to Personal Protection - And Why You Should Reconsider
The truth is, protecting yourself and your loved ones financially is one of the most important decisions you can make. Whether you’re single, raising a family, or planning for later life, personal protection policies ensure that illness, injury, or worse doesn’t derail everything you’ve built.
Reality: Cover often costs less than you expect. A young, healthy adult can get meaningful protection for less than the price of a takeaway or a streaming subscription each month. Plus, the earlier you buy, the cheaper it typically is.
Response: That’s exactly why now is the best time to get covered. Premiums are lowest when you’re young and well, and health can change suddenly. Even if you don’t have dependents today, life cover can help pay off debts, funeral costs, or leave a legacy.
Clarification: Employer cover often ends when you leave the job and rarely covers more than 1–4x your salary. It likely doesn’t include full income protection or critical illness cover. Personal policies are tailored to your life, not just your role.
Response: Over 98% of life insurance claims in the UK are paid out. As long as you answer questions honestly and work with a regulated adviser, the risk of a declined claim is very low.
Clarification: That may be true legally, but emotionally and financially, it absolutely becomes your loved ones’ burden. Protection is a way of taking care of them when you no longer can.
Response: A will dictates who gets your estate, but it doesn’t guarantee how much they’ll receive or when. Insurance provides immediate, tax-free cash, which can help pay debts, cover costs, and preserve your estate.
Reality: The longer you wait, the higher the cost, and health changes could make it harder or impossible to get cover. Acting early gives you flexibility, lower premiums, and peace of mind.
Clarification: Investing is great, but it takes time to build wealth. Insurance protects your finances instantly from day one. It’s not either/or—it’s both.
Reality: That’s a great start—but your life may have changed. New family, mortgage, or health circumstances? Your existing cover may not be enough, or it may be outdated. A review could ensure it still meets your needs.
Response: Life cover and critical illness cover can be structured to ensure your mortgage is cleared if you pass away or become seriously ill, so your loved ones won’t have to sell or struggle.
Clarification: It doesn’t have to be. With the right advisor, setting up your cover in trust can ensure payouts go directly to your chosen beneficiaries, quickly and free from inheritance tax. No red tape, no confusion.
Personal Protection Isn’t About Death..It’s about LIFE.
It’s about keeping your home, your family’s lifestyle, and your financial goals secure—no matter what happens. You insure your car and your phone. Isn’t your health and income worth even more?
Whether you’re protecting your first flat or securing a legacy for your children, personal protection gives you peace of mind and a solid foundation for the future.
Ready to Feel Financially Secure?
Let’s talk—no jargon, no pressure. Just friendly, honest advice about how to protect what matters most.
Protect Your Income, Safeguard Your Family, And Plan Your Legacy
At Broadbench, we understand the reality of self-employment and independent work. Whether you’re protecting your income, your family, or your future estate, we’re here to help you make smart, tax-efficient choices without the jargon.
We’ll listen. We’ll explain your options. And we’ll build a plan that fits around your life, not the other way around.
Speak to a Broadbench adviser today for personal protection advice that works for you, your business, and your future.
Ready to get started?
Our expert advisors have the skills and experience to find you the right personal financial products. Fill out the form below, and we’ll be in touch right away.
FAQs
Why do we need insurance?
Insurance plans are beneficial to anyone looking to protect their family, assets/ property, and themselves from financial risk/ losses: Insurance plans will help you pay for medical emergencies, hospitalisation, contraction of any illnesses and treatment, and medical care required in the future.
How can insurance companies afford to provide large settlements to the policyholders?
The insurance company collects the premium amount for multiple policyholders and invests the fund securely to accumulate over time and pay out the policyholder when they claim.
Why should I use you instead of doing it myself online?
If you are looking for a quick quote, you aren’t in the right place! The reason for that is that a ‘quick quote’ is rarely a good fit for what you need. A typical person takes a guesstimate at the amount of cover they need and is led primarily by the monthly premium, rather than ensuring that the policy actually solves the problem they need it to. An advisor is an expert in their field and works hard to understand who you are and your lifestyle so that the policies you take out truly protect you, and at a cost that suits your budget.
Do business owners, professional or contractors need insurance?
Being a contractor carries certain obligations and legal responsibilities. You have a financial responsibility to your client for errors that you make. Although claims against contractors are rare, they do happen, and the claims can be very high! Having insurance cover fully protects you and provides you with peace of mind.
I’m new to contracting and want to replace my death in service/employee benefits, what are my options?
This is exactly where we can help! Now you are self-employed, it’s important to ensure you, your business and your loved ones are protected in every eventuality. That could include Income Protection, Critical Illness Cover, Life Insurance, Private Healthcare and Pensions.
As a self-employed/limited company business what types of Insurance coverage are compulsory?
It is advisable to consider all elements of insurance to protect you from a variety of risks within your market. If you employ any staff, you are required by law to have Employers’ Liability Insurance.
The only exemptions are limited companies where the owner is the sole employee and unincorporated family businesses where all employees are closely related. Professional Indemnity and Public Liability are often required by your customers under contract.
What insurance policies does an average contractor take out?
While protection and insurance products are personal, and everyone’s circumstances are different, there are a handful of core products that we see our contractor clients taking out. These include Life Insurance and, specifically, tax-efficient Relevant Life Insurance – which ensures your loved ones are financially protected in the event of your death. Alongside this is Critical Illness Insurance – protecting yourself and your family if you are ill and no longer able to work and earn. Finally, Indemnity Insurance protects your business against any claims made against you.
It’s important to note the value of working with an expert protection adviser firm like Broadbench. We’ll take the time to listen to who you are, and your unique circumstances before designing a protection package that protects exactly what you need it to.
