Why do nannies and childminders need income protection?
Nannies often work in a family home with limited employer benefits. If illness prevents you from working, income protection pays monthly benefits covering your rent and living costs. For self-employed nannies and childminders, this is the primary financial safety net.
How does income protection work?
IP pays a monthly benefit — typically 50–70% of your gross income — if you're unable to work due to illness or injury. Payments continue until you return to work or reach the policy end date.
How much does IP cost for nannies and childminders?
Nannying is typically Occupation Class 1 or 2 — with competitive IP premiums. A healthy 35-year-old can typically get £1,500/month of benefit for £25–£55/month depending on occupation class and deferred period.
Own occupation — always choose this
Always choose "own occupation" cover — it pays if you cannot do your specific job, not just any work.
Frequently Asked Questions
Occupation class is a key pricing factor for IP. Nannying is typically Occupation Class 1 or 2 — with competitive IP premiums.
Yes — and it's especially important without employer sick pay. Cover is based on your net profit.