Menu
Close
There are many great things about being your own boss, but what happens if you are unable to provide your services? When it comes to being out-of-action, the self-employed may find their income drying up. Meaning an inability to provide services could swiftly turn into an empty wage packet at the end of the month.
So, what measures can the self-employed take to protect themselves?
Accidents happen. For contractors, freelancers, and sole traders, the inability to provide services could cause an immediate impact on income.
Whilst it is true that workers providing manual services, for example within the construction or offshore energy industries, may be at higher risk of an accident in the workplace, that doesn’t mean that non-manual jobs are entirely free from the risk of physical injury. Because of this, those in manual and non-manual industries alike may want to consider purchasing Personal Accident Insurance.
All about the policy
Personal Accident Insurance provides you with a lump sum benefit should you suffer an injury as the result of an accident, ensuring your income is protected during difficult times.
Specific coverage information:
There will be some circumstances in which death or injury are uninsured, whilst this is not an exhaustive list, some examples include:
A full account of all policy coverage, including exclusions and conditions can be found within the policy wording.
As a contractor, being unable to provide your services as a result of an accident, sickness or injury can have an instant detrimental effect on your ability to continue to run your business. Should you be unfortunate enough to be in that position, the last thing you want to worry about is your source of income.
All about the policy
Specifically designed for contractors, Contractor Sickness Cover provides a monthly benefit in the event that the Insured Person suffers a sickness, disease, or bodily injury that a doctor asserts prevents them from providing their services.
Specific coverage information:
It’s important to note that some circumstances will not be eligible for cover, whilst this is not an exhaustive list, some examples include any disease, sickness, bodily injury, or accidental death as a result of the following:
Full details of these and other policy exclusions can be found in the policy wording.
With cover for Personal Accident Insurance starting at just £4.68 per month and Contractor Sickness Cover from £26.31 per month, these policies could prove invaluable lifelines when you need them most. Why not get in contact with a member of our expert team today to discuss your options.
Protect your income in the event of long-term illness or injury
Protect your income in the event of an accident
Ask away! One of our team will get back to you!