The cost of premiums for salary protection will obviously vary a great deal from insurer to insurer, and when searching for insurance quotes, it is important to remember that provides will generally calculate the cost of premiums based upon the element of risk.
For insurers, the lifestyle, age and medical history of customer will always play a large part in determining their likelihood of making a claim. The higher this risk, the more expensive premiums will be for customers.
Once a successful claim has been made, customers may be paid a maximum of 75% of their monthly salary until there are declared to fit to work again. Although many employers will include some form of protection for employees who fall Ill, the same cannot be said for self employed individuals, making salary protection a very useful option for many.