Less than one quarter of employers offer IP to the workforce

Gallagher research findings

Jaskeet Briah
clock • 2 min read

Less than one quarter (24%) of employers offer income protection (IP) to their workforce, according to data by Gallagher.

The global insurance and risk management consultancy analysed around 65,000 UK employees at 25 companies on its employee benefits platform, Gallagher Guide. Gallagher said that as UK employees age, their benefit selections move from lifestyle focused offerings to protection and health-focused benefits in later life. According to the consultancy, there is a gap between what employees want from their benefits packages and what is offered by employers. Demand for IP tripled from 4% among employees aged between 20-29 to 12% among employees aged between 50-59. Across all age groups, ...

To continue reading this article...

Join COVER for free

  • Unlimited access to real-time news, key trend analysis and industry insights.
  • Stay on top of the latest developments around health and wellbeing, diversity and inclusion and the cost of living crisis.
  • Receive breaking news stories straight to your inbox in the daily newsletter.
  • Members only access to monthly programme 'The COVER Review'
  • Be the first to hear about our CPD accredited events and awards programmes.

Join now

 

Already a Cover member?

Login

More on Group Protection

Government to create Workplace Health Intelligence Unit as part of Keep Britain Working Review

Government to create Workplace Health Intelligence Unit as part of Keep Britain Working Review

Making workplace health performance visible

Jaskeet Briah
clock 06 July 2026 • 2 min read
Unum UK adds personalised cancer navigation service

Unum UK adds personalised cancer navigation service

Partnership with Reframe Cancer

Jaskeet Briah
clock 03 July 2026 • 2 min read
Canada Life appoints group protection head of distribution

Canada Life appoints group protection head of distribution

Antonio Ribeiro takes the role

Cameron Roberts
clock 01 July 2026 • 1 min read