If you’re self-employed or a contractor, we know the pressure of being unable to work for any reason is always in the back of one’s mind. With increasing numbers turning to self employment, contract or freelance work, more and more of us lose many of the sick pay and other entitlements one typically enjoys as a salaried employee.
But why should that be the case?
Self-Employed Income Protection is of critical importance in ensuring that an inability to work does not result in financial hardship. If you’re unable to fulfil work commitments due to illness or injury, having a monthly income to cover your mortgage/rent costs, as well as household and other bills, is crucial.
There are a number of considerations when setting up an Income Protection policy. How long you want cover for, the amount you want to have paid out, how soon you’d need the payments to start as well as your age and occupation, are all factors that need to be taken into account.
Fortunately we have access to plans from a range of providers to fit a variety of needs and circumstances. Given the complexities involved, including a legal maximum of your income that you’re able to claim, our expert advisers can guide you through the various options to ensure you’re not under or over-insured with this important cover.
Self-Employed Life Insurance is the most effective way of setting up a ‘Death In Service’ Benefit should the worst happen. It doesn’t just cover you should you die at work of course, but is a relatively inexpensive way of ensuring your loved ones are protected if you’re self-employed.
You can also add Critical Illness Cover which provides a payout should you suffer a serious illness - an additional peace of mind.
Getting back on your feet quickly if you’re self-employed, a contractor or freelancer in the event you fall ill is often vitaly important. Having to wait for NHS referrals or tests can be an added worry in itself given the waiting lists, so Private Health Insurance can get you seen and treated quickly helping both your health and a speedier return to work.
Health Insurance is often cheaper than many people believe, and some providers will even cover your children at no extra cost too.
It can be tough going out there being self employed, but we can make things a little easier and put in place the right insurance to give you a helping hand.
Personal and Business Insurance Specialists
