Salary Protection for Business Owners & Company Directors

Salary Protection: Protecting Your Wages When Your Business Depends on You

If illness or injury stopped you working tomorrow, how would your income continue?

For many Irish business owners and company directors, your wages are your business’s engine. Salary protection (also known as income protection) ensures that your personal income continues, even if you are unable to work due to accident or illness.

At IncomeProtection.ie, we specialise in helping business owners put robust, tax-efficient income protection policies in place that safeguard their lifestyle, family, and long-term financial plans.

Salary Protection for Directors of Limited Companies

As a company director, your income is often structured differently from a PAYE employee. That makes it even more important to have the right salary protection policy, not just any policy.

Key benefits for directors include:

  • A replacement income paid monthly if you cannot work

  • Protection for salary, dividends, or total earnings (subject to policy structure)

  • Ability to maintain mortgage payments, school fees, and household bills

  • Peace of mind knowing your family’s lifestyle is protected

  • Policies that can be paid through the company in many cases

Without salary protection, a prolonged illness can force directors to:

  • Draw down savings prematurely

  • Sell shares or assets

  • Rely on the business at a time when it may already be under pressure

Protecting your wages, protects your independence and your business decisions.

Salary Protection for SME Owner-Managers

Running an SME in Ireland often means:

  • Long hours

  • Multiple responsibilities

  • Limited backup if you are unavailable

If you cannot work, income often stops immediately.

Salary protection (income protection) ensures you still receive a regular, predictable income, allowing you to:

  • Keep personal finances stable

  • Avoid draining the business cash flow

  • Focus on recovery rather than financial stress

Salary protection is not a luxury for SME owners. It is a business continuity tool for your household.

 Speak to a specialist adviser about salary protection for directors and SME owners.
We’ll explain your options clearly and confidentially.

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