These are the protections your employer looked after for you that are even more important now
Income protection policies for the self-employed can pay an amount or percentage of your income if you're unable to work due to illness or injury, normally for a defined period.
Ask yourself
If I couldn't work for 3 / 6 / 12 months, what would happen to my income? Do I have savings that would genuinely cover that?
As a self-employed person, your time is money. A long wait for a referral or treatment can be stressful and have an impact on your business if you’re out of action or not able to focus because you’re worried.
Ask yourself
How long could my business cope if I was waiting months for treatment or a diagnosis?
Life cover for the self-employed could pay out a lump sum and is worth understanding, especially if you have dependants, a mortgage, or anyone who relies on your income.
Ask yourself
If something happened to me, what would the financial impact be on the people who depend on me?
This is for awareness and educational purposes only - it does not constitutes financial, insurance, or regulated advice. The products and protections listed are general categories – not recommendations for specific products or providers.
For advice tailored to your situation, please speak with a qualified, FCA-authorised adviser - that's exactly what our vetted partners are here for.