Income protection for veterinary professionals

Income protection for veterinary professionals

As a veterinary professional, you know that medical conditions are a fact of life. Yet many veterinary professionals are ill-prepared financially for the prospect of being forced off work through illness or injury. Thankfully there’s an easy way to maintain your income, even when you are unable to work for an extended period. 

Is £96 per week enough to cover your overheads?

You have devoted your career to caring for creatures great and small. That’s how you know that medical conditions are never completely unexpected. On the contrary, medical conditions are a fact of life – whether you walk on four paws or a pair of shoes. That’s why it’s so important to get plans in place for the possibility of illness or injury forcing you off work – whether temporarily or permanently. 

When you are too unwell to work, monthly overheads like rent or mortgage repayments and mobile phone contracts don’t just go away. Unfortunately, a prolonged spell off work could leave you without your regular income. With the government’s Statutory Sick Pay currently set at just £96.35 per week^, it’s likely you would have to dig into your savings or rely on a credit card to cover your monthly expenses. 

But there is an alternative

A quick intro to income protection

Income protection is a type of insurance policy that covers your salary. Should illness or injury prevent you from working, you will still be able to claim up to 70% of your regular salary. That means you can concentrate on your recovery, without the usual anxieties associated with losing your income. 

What happens if you are a practice owner?

As with any position of responsibility, there are additional concerns if you are a veterinary practice owner and find yourself unable to work. As well as losing your own income, you would potentially have to fund the wages of a temporary veterinary surgeon to pick up your workload. It doubles the strain on your finances and makes it even more important to have a level of protection in place if the worst should happen.

What makes PG Mutual different?

PG Mutual is a specialist in income protection. Unlike organisations that offer multiple financial services, income protection is all PG Mutual does. It’s been that way since 1928. And as a mutual society, they share any profits they make each year with their policyholders. When your policy matures, you get the money that’s accumulated in your pot as a lump sum.

Applying to become a PG Mutual policyholder can take as little as ten minutes – either online or over the phone.

Don't leave it to chance

A sudden loss of income can leave you in a difficult financial position. You may find yourself quickly burning through hard-earned savings to meet your overheads – or worse - to keep yourself in a secure position. An income protection policy provides an alternative. For just a few pounds a month, you get the peace of mind of knowing you are in a position to continue receiving up to 70% of your salary if illness or injury forces you off work. 

You take good care of creature kind. But don’t forget to vet your financial affairs once in a while too. 

If you would like to know more about the benefits of income protection, visit As a VDS member, you receive a special 20% your first two years’ premiums when you use discount code, “VDS.”

*Office for National Statistics, Labour Market statistic summary tables published January 2020. For T&C’s, visit ^DWP, April 2021.

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