Income protection adviser (home-based)

Insurers pay you commission when a policy starts. Some advisers also charge clients a fee, depending on how they set up their service. Typical clients are the self-employed, tradespeople, contractors and families with a mortgage.

Initial and ongoing commission on policies you arrange, shared with your network. Fees for advice are possible too, if your network allows them. Income builds slowly as policies and renewals accumulate.

• Explaining complex products in plain language
• Patience and careful record keeping
• Building trust and finding clients through local contacts
• Willingness to study for industry qualifications

• Giving advice on insurance is regulated by the FCA, so check you are authorised or appointed by an authorised firm before advising anyone
• Network fees, compliance charges and who owns the client relationship, so read the agreement carefully
• Commission can be clawed back if a client cancels early, so check the terms
• Data protection duties, including registering with the ICO if required
• Income can take months to build, so plan your finances

Startup costs are estimated at typically around £1,500 to £6,000, depending on your network's fees, qualifications and equipment. Check the network's fees, compliance charges and who owns the client relationship in the agreement before you commit any money.

Monthly revenue is estimated at typically around £800 to £5,000, depending on how many clients you win and whether you charge fees. Income can take months to build, and commission can be clawed back if a client cancels early, so plan your finances.

Advice on insurance is regulated by the FCA, so check you are authorised or appointed by an authorised firm before advising anyone. Also check your data protection duties, including whether you need to register with the ICO.