Why Do Estate Agents Need Income Protection?
Estate agents are typically self-employed or commission-based, meaning sick pay from an employer is limited or non-existent. If illness or injury stops you working, your income stops immediately.
The average UK estate agent earns £25,000–£45,000 including commission. Income protection replaces up to 60% of that if you cannot work.
Key fact: Statutory Sick Pay is £116.75/week – a fraction of what most estate agents earn. For commission-based workers, even this may not apply if PAYE earnings are below the threshold.
Commission and Income Protection
Most insurers will base cover on your average earnings over the last 12–24 months, including commission. You will need to provide payslips or SA302 forms to demonstrate earnings.
What to Look For
- Own occupation definition – pays if you cannot do estate agency work
- Short deferred period – 1 or 4 weeks if self-employed with no employer sick pay
- Day-one cover options – some providers offer immediate cover for accidents
Frequently Asked Questions
Yes. Standard risk, competitive premiums.
A 30-year-old earning £35k: around £25–45/month for 60% income replacement.
Yes. Based on average earnings. Deferred periods from 1 week.