What is Short Term Income Protection Insurance?
(Also known as Accident Sickness and Unemployment Insurance)

Short Term Income Protection Insurance pay a tax free monthly income for up to 12 months if you were off work due to sickness, accident, or unemployment.

Short Term Income Protection Insurance is designed to ensure you have an income if you were unable to work through sickness, accident or unemployment. It’s called Short Term Income Protection Insurance because the income lasts for up to 12 months or up to when you resume work, whichever is the sooner. (This type of insurance is also known as ASU Insurance which is short for Accident Sickness and Unemployment Insurance.)

You can insure yourself for an income of up to £1,000 per month or 50% of your gross monthly income whichever is the lesser. The income paid by the policy is tax free.

You have to be off work for a minimum number of days in order to claim. This is known as the “qualifying period” and is 30 days. With some Short Term Income Protection policies the income starts after the qualifying period but with the policy Burgesses sell, the income will be backdated to the day you started to be off work.

The Short Term Income Protection Insurance Burgesses offer gives you the option of insuring yourself for disability (that’s sickness and accident), or just unemployment, or both. The rates are the same for both men and women.

Frequently Asked Questions related to the above topic.
Click below if you wish to read them: -

• Why should you have Short Term Income Protection Insurance?
• How much will it cost?
• How much should you insure for ?
• Are there any situations that would result in your claim being refused?
• You want a lump sum if you were to die or become very seriously ill and could not work again. What sort of insurance do you need?
• You want to ensure that your monthly mortgage repayment is paid, if you became sick, unemployed or had an accident. What sort of insurance do you need?
• You want to ensure that you receive a monthly income if you became sick, unemployed or had an accident for as long as you were off work (i.e. no limit of 12 months) or until the insurance policy finished whichever came sooner. Should you insure for accident and sickness or accident, sickness and unemployment?
• Will a claim under a Short Term Income Protection policy affect any State benefits to which you may be entitled?
• What happens if I am made redundant?