Berkeley Alexander has devised an income protection plan that covers disability.

The policy acts to protect a person's income in the event of their suffering a disability which prevents them from working.

Incomesafe pays 75% of gross monthly earnings, up to £2,500 tax-free, following a 14-day waiting period.

The benefit lasts for periods up to 12 or 24 months and premiums are occupation related.

A typical premium for an insurance broker on an income of £1,000 a month would be £16 per month compared to £48.50 for a steeplejack.

A medical examination is not required and there are no loadings for gender, age, smoking habits or for the self-employed.

Ted York, Berkeley Alexander managing partner, said: “Incomesafe will provide clients and their families with peace of mind during a major health crisis.

“It will also enable businesses to fulfill their contractual obligations to employees or secure compensation for the loss of their services.”

The Lewes-based underwriting agency pays a commission of 20% on Incomesafe.

Incomesafe is underwritten by Compass Underwriting at Lloyd's.