A standard income protection policy may offer similar outcomes as a "loss of licence" insurance would.
Many mortgage provider also offer insurance if you are retrenched or unable to work if you have a mortgage with them.
I've got one that pays for my mortgage for 8 months if I lose my job or can't work because of an accident. It wasn't an expensive policy. Even better if you've loaded up your mortgage with your Aston Martin or similar as it covers that too as it's wrapped up in the mortgage.