In this way income protection could very well be a policy that you cannot afford to be without. Despite the lack of protection for contractors when unemploye they should take heart that financial security can be bought for themselves and their families and that there are policies that will deliver when the contractor is at his or her most. Income protection insurance for the self employed is one the most important insurance policies to consider if you are self employed or considering becoming self employed. Sick pay for contractors – This will pay you a monthly income if you suffer an illness or accident which prevents you from working for a prolonged period Pays a monthly income after your chosen waiting period Will carry on paying you until you’re well enough to return to work or until retirement. While currently only Aegon and Unum offer specialist Income Protection for contractors , the rest of the top insurers offer personal policies that can be tailored to your needs.
This important protection can be added on to your existing contractors cover with us – for as little as £per month plus insurance premium tax (IPT) for personal accident alone, or £52.
IPT for combined personal accident and short term income protection cover.