One of the most common issues when choosing to become a contractor is losing the benefits and financial stability associated with being an employee.
Unfortunately, most contractors do not seek advice on what may happen if you are not able to work on your contract until it’s too late. Contractors can save themselves the stress of having to worry about financial loss by simply covering themselves against certain eventualities, such as, accident, sickness or even death.
It is important to consider what would happen if you were unable to work and to replace any employee benefits package to prevent you from being vulnerable.
If you feel you could benefit from any of the above, The Insurance Surgery are on hand to provide guidance.
Anyone who doesn’t have full sick pay from their employer has a genuine need for income protection simply because if you’re not working, you’re not earning any income, which means paying for all your outgoings can become extremely different.
State benefits are getting harder to qualify for and you may not get enough benefit to cover your outgoings even if you did qualify. The Insurance Surgery can cover most occupation classes.
For more information on how a Relevant Life Policy or income protection will affect you, please download our guide below: