Income Protection

Many people insure their house and car but what would happen if you cannot earn an income? What would happen to the house and the car if you could not make the repayments and could never work again due to illness or injury? Chances are, you would find it very difficult to keep both and maintain your current lifestyle. This is why income protection is so important. Your most valuable asset is your ability to earn an income so this must be protected.

Income Protection Insurance can pay you up to 75% of your regular income if you are unable to work due to an illness or injury. Often paid in monthly instalments, Income Protection Insurance can help you manage your financial obligations, protect your family, and maintain your lifestyle while you are out of work. It is especially important for self employed people, especially tradesman who cannot rely on sick leave and are at higher risk of injury on the worksite. Income Protection does cover you for any injury or illness, whether you are at work or not. 

At MIH Insurance Solutions we have also insured many clients who play football on the weekend and want to be covered if they become injured during games. We also specialise in covering tradies and ensuring the financial damage to their business is minor if they cannot work for a prolonged period of time.