Income protection is a type of insurance designed to provide financial support if you are unable to work due to illness or injury. It typically pays a percentage of your income for a specified period, helping you cover essential expenses like rent, bills, and groceries while you recover. This insurance can be especially important for self-employed individuals or those without sufficient sick leave benefits. By securing income protection, you can ensure that you have a safety net in place, allowing you to focus on your recovery without the added stress of financial instability.