p>Yes, income protection insurance can cover those who are self-employed, contractors, or sole traders – any New Zealand residents aged 16 – 60 working at least 15 hours a week can apply for OneChoice Income Protection Insurance.</p><p>The monthly benefit you receive will be worked out using your pre-tax income, which may be calculated a little differently to someone who is an employee. Your share of annual income earned in the business before tax, directly due to your own personal efforts, minus any business expenses and super contributions will give you your pre-tax income.</p