Sick Pay Cover: A Financial Lifeline
- Straightforward financial protection against work absence longer than 30 days.
- Cover up to 75% of your regular income for 6 months.
- Guaranteed acceptance for ages 18-61 in England, Scotland & Wales.
- No medical or lifestyle questions.
Please see below full information on how the policy works.
From only £11.92 a month.
Benefits of ESMI’s Sick Pay Insurance
Financial strength
No medical or medical questions
Guaranteed acceptance
Waiting Period
You're In Safe Hands
Why is sick pay cover important?
After 4 days work absence, the majority of employed people will be entitled to Statutory Sick Pay from their employer of only £116.75 each week.
If you are self-employed you have to go through Employment and Support Allowance. The assessments usually take 13+ weeks and the payments usually aren’t enough either.
For most people these benefits aren’t enough to support their lifestyle, and finances can get tough pretty quickly. Sick Pay cover can reduce this worry.
If you’re not convinced that a Sick Pay Insurance policy is worth considering, read these employment stats.
So, how does ESMI Sick Pay Insurance work?
- ESMI Sick Pay Insurance replaces your income with up to a maximum of 6 monthly-paid benefits up to £1,500.
- To apply for cover you must be aged 18 to 61 and permanently reside in either England, Scotland or Wales.
- There is a choice between 3 benefit levels: £500, £1,000 or £1,500.
- Please make sure you choose an appropriate level for you.
- Your benefit cannot exceed 75% of gross income but less any other similar insurances or wages or work related income. If an accident or illness is covered by any other insurance policy or your salary is paid by your employer, we will not pay more than our proportional share of a claim as you cannot receive more than 100% of your gross monthly salary across all policies held. We do not take into account any Statutory Sick Pay benefits received.
- Claims can only be made after 30 consecutive days of work absence.
- There is a 30 day waiting period (we will not pay out for the first 30 days off sick)
- There is a 90 day qualifying period on all illnesses and a 14 day qualifying period for all accidents. Please read the policy document for more information.
- The benefits are paid entirely tax-free.
- We will pay benefits for up to a maximum of 6 months or until you are able to return to work, whichever comes first.
- Annually renewable policy up until your 69th birthday, and you’re free to cancel any time.
- You must be actively working more than 16 hours a week when you renew your policy so if you are off sick at the point of renewal we will be unable to renew your policy.
What is a pre-exsiting condition?
Any condition, injury, illness, disease or related condition and/or associated symptoms, whether diagnosed or not, which you suffered in the 36 months immediately before the start date of this insurance which an insured person knew about or should reasonably have know about or had seen a doctor or consultant about.
Are pre-exsiting conditions excluded?
We will not pay any benefit for any pre-existing medical condition unless the insured person has been symptom free and has not required treatment or medical advice for at least 24 months in a row immediately after the policy start date
If the cause of your sickness or injury which has caused work-absence longer than 30 days is not deemed directly or indirectly related to your condition when you come to claim, then your benefit will, of course, be paid.
Want to know more about how this affects you? Click here to contact us.
Claims
The professional claims team at Compass Underwriting have you covered. Since 1986 they’ve been one of the UK’s leading independent accident & health underwriting agencies, serving over 250,000 customers in that time.
We understand how important your claims are, so we always do our absolute best to get them resolved quickly.
Once we have received all of our initial requirements we endeavour to respond to all claims within 10 working days to help your family get back on their feet as soon as possible.
Exclusions
We will not pay any benefit for:
- Any conditions, injury, illness disease or related condition and/or associated symptoms whether diagnosed or not, which you suffered in the 36 months immediately before the start date of the insurance which an insured person knew about or should reasonably have known about or had seen a doctor or consultant about. The exclusion is then automatically removed if the insured person has been symptom free and has not required treatment or medical advice for at least 24 months in a row immediately after the policy start date.
- Any back related condition, unless there is radiological evidence of a medical abnormality or a visible wound or bruising, or a doctor or consultant certifies that this is the only condition which prevents the insured person from attending their usual place of employment.
- Any claim for psychological, psychotic or mental disorders unless a consultant certifies that this is the only condition preventing the insured person from attending their usual place of employment
- The insured person taking part in a criminal act.
- The insured person taking part in hazardous activities (as shown in the policy wording).
- The insured person’s blood alcohol limit exceeding 80mg per 100ml of blood, solvent abuse or taking an overdose of drugs (whether prescribed or not) An insured person engaging in any sport as a professional or semi professional.
- Any surgery or treatment that is not medically necessary, cosmetic surgery, reversing cosmetic surgery or any corrective treatment as a result of previous cosmetic surgery.
- The insured person committing suicide or attempting to commit suicide, or deliberately injuring themselves or putting themselves in danger (unless they were trying to save another human life).
Please see section four in the policy document for the full list of exclusions.
Coronovirus Exclusion:
This Insurance does not cover any claim in any way caused by or resulting from:
a) Coronavirus disease (COVID-19);
b) Severe acute respiratory syndrome coronavirus 2 (SARS-CoV-2);
c) any mutation or variation of SARS-CoV-2;
any fear or threat of a), b) or c) above.
FAQs
Can’t find the answer to your question on this page? You can either:
- Email us at info@getesmi.co.uk with your question.
- Visit our Sick Pay Insurance FAQs.
- Or you can read the policy document in full.
Still Need Some Convincing?
"I’ll be fine. It cant be that bad?"
SSP is £116.75 a week. The average weekly food cost for a UK household is £89, with average gas and electric bills at £102.30 per month. At this rate, you’ll be dipping into your savings already… for only food and energy bills. Do you see how quickly things could get difficult very quickly?
"It’s too expensive for the off-chance of me needing to use it."
“It’ll never happen to me."
"I’ll just use my savings if that happens."
