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—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 to 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.
Life Insurance
Life insurance provides your loved ones with a lump sum if you pass away during the term of the policy. At Broadbench, we help contractors and freelancers choose policies that align with their income structure and family needs—whether paid personally or via a limited company.
Popular options: Level term insurance, decreasing term cover, or relevant life plans for tax efficiency.
Find out moreWhole 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 those looking to leave a legacy, cover future tax liabilities, or ensure loved ones are financially secure no matter when they die.
For business owners, contractors, and freelancers, a whole of life policy can form a core part of Inheritance Tax (IHT) planning. When written in trust, it ensures that your beneficiaries receive the payout quickly, tax-free, and outside your estate—helping them avoid selling assets or property to pay a 40% IHT bill.
Whole of Life Cover includes a guaranteed payout on death—no term limits, helps cover Inheritance Tax liabilities, and prevents forced sale of family homes or business shares. It can be written in trust to avoid probate delays and is often used in family wealth planning or with high-net-worth estates
Whether you are looking for Whole of life insurance for contractors, IHT life insurance, tax-efficient legacy planning or life cover for business owners, we're here to help.
Find out moreCritical 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. For freelancers and business owners, it provides a financial lifeline during recovery.
Often combined with life insurance or income protection for broader coverage.
Find out morePrivate Healthcare Insurance
For many independent professionals, time is money—and long NHS waiting lists simply aren't an option. Private health insurance ensures fast access to diagnosis, treatment, and recovery, helping you stay healthy and return to work sooner.
Broadbench helps business owners, freelancers, and contractors choose the right level of private medical cover—whether you're insuring just yourself or looking at company-paid business health insurance as a director benefit.
This type of protection is especially popular with consultants, limited company directors, and high-performing freelancers who want to avoid delays and stay in control of their health journey.
Search terms covered: private health insurance for freelancers, business healthcare for directors, self-employed medical cover
Find out moreIncome Protection
As a contractor or freelancer, you don’t have the luxury of employer sick pay. If illness or injury stops you working, your income could dry up fast. That’s where contractor income protection insurance steps in—replacing a portion of your monthly income so you can focus on recovery without financial stress.
Whether you're paid via salary, dividends, or a mix of both, we can tailor a policy that reflects your real-world earnings. We specialise in helping limited company contractors and self-employed professionals access flexible, affordable cover. We're experts in finding solutions for income protection for contractors, freelancer sick pay, and self-employed income protection UK.
Find Out MoreBuildings & Contents Insurance
Whether you work from home, own a home-based business, or simply want peace of mind, having the right buildings and contents insurance is essential. 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.
We'll help you to secure tailored home insurance policies that reflect the unique needs of modern, flexible working lives. If you run your business from home or store specialist equipment there, it’s especially important to make sure you’re properly protected.
We’ll help you avoid common pitfalls—like assuming standard policies cover your work equipment or business stock (spoiler: many don’t). Let us tailor a solution that fits how you live and work.
Find out moreInheritance 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.
From placing life insurance in trust to using whole of life cover as a tool to pay an expected tax bill, we make sure your legacy reaches your loved ones as intended.
We provide tailored advice to property owners, company shareholders, and high-net-worth individuals.
Find Out MoreWills & Trusts
Having the right protection in place is essential—but so is making sure it goes to the right people, at the right time. That’s why we’ve partnered with Kinherit, a trusted provider of Wills, Trusts, and estate planning services tailored for business owners, freelancers, and contractors.
Together, they will help you to set up Wills and Guardianship for your children, place policies into Trusts to avoid Inheritance Tax and probate delays, nominate beneficiaries and specify how your assets are distributed and ensure your protection policies and legacy plans work in harmony.
Contact KinheritProtect Your Income. Safeguard Your Family. 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.
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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.
