Income protection for the self-employed
How big a gap would open up if, as a self-employed person, you could not work for a few months?
For sole traders and freelancers: when work stops, income stops almost at once, while office rent, the accountant and licences carry on.
You will need your average net monthly income from your work or business, the monthly family and business costs that do not stop, how many months of protection you want, your emergency fund and the monthly benefit from any disability or income-protection policy. You also choose what to protect: your net income, or only the costs that do not stop.
Sign in or create a free account to save results and share them with your advisor when you choose.
How to read the result
The monthly need is your net income (or your costs, if higher), or only your costs, depending on your choice; times the months of protection it gives the target. The main result is the likely gap: the target minus your fund and the benefits your existing cover would pay over the period. You also see roughly how many months your fund would last without income from work.
The score (0–100) shows what share of the target your fund and existing cover meet. The bands are the same in every VÉRO tool: green from 75, amber from 50 to 74, red below 50.
What you can do next
- Check with Social Insurance Services which sickness benefit you are entitled to as a self-employed person.
- Read the guide for professionals and businesses.
- See what you pay in tax, social insurance and GESY with the income tax estimator.
- Book an appointment to discuss income-protection cover and its waiting period.
If you are signed in, you can save the result to My reports and, only if you choose to, send it to your advisor; nothing is shared automatically.
An estimate, not insurance advice. Social Insurance sickness benefit, policy waiting periods and tax on benefits are not modelled; the need is assumed constant each month, in today’s money.
