Self employed and small business

Self employed and small business

Critical illness insurance for the self employed and small business


The self-employed can take out individual policies rather than business ones. You will have to argue with the taxman as whether or not the policy is a tax-deductible business expense.

Small business

Very few insurers offer Critical Illness cover on a business basis to small business owners. Business cover is often in the name of the owner or owners of the business. It is unusual to have a stand-alone critical illness policy. Much more common is a business cover, which includes life and critical illness. This is usually for a set number of years on a decreasing sum insured basis, to cover a business loan or mortgage, should one of the owners die or suffer a critical illness.

Group schemes

Most critical illness insurance is taken out by individuals. The group market is expanding as group cover is often offered as part of a flexible benefits (flex) arrangement, where the employee can choose the benefits package that best suits their personal circumstances.

Group critical illness cover policies are usually taken out by employers for employees, and this is often restricted to directors and management. They are very complicated as there are tax and other legal concerns.



Latest news

AXA PPP healthcare win at UK Customer Experience awards 2015

David Mobbs retires as CEO of Nuffield Health

King's victorious at World Transplant Games

FREE Guide
FREE Guide

Critical illness insurance guides

  • What is covered
  • What does it cost
  • Types of cover

Find a plan...

Find a plan...

A to Z of companies and plans
for Students
for People with pre-existing conditions
for Expatriates
for Cancer cover
for Public sector/Civil service
for The elderly
for Businesses
for Small businesses
for Individuals
for Over 50s
for Children
by name
...within: miles
Connect with us on:

This site compiles with the HONcode standard for trustworthy health information