Income Protection Insurance For Contractors

One of the benefits of being a permanent employee is that there are many protection and insurance policies already in line on your behalf.

Income protection insurance for contractors. What type is suitable for your circumstances. And for how long you need cover both income protection and life insurance. It s an excellent way for you to replace the sick pay benefit received as a permie. How much income you should protect.

Income protection insurance for contractors insures against loss of earnings through injury or illness. Protect your contract income. Income protection insurance quote. Whilst permanent employees have often the benefit of at least 3 months pay in the event of an accident or illness as a contractor you are exposed to a potential financial loss the first morning that you are unable to arrive at your clients site.

From our experience no two contractors businesses and or lifestyles are the. Whilst permanent employees have the benefit of at least three months pay in the event of an accident or long term sickness as a contractor you are exposed to financial loss the minute you are unable to work. Your income protection insurance should do just that. To get the best income protection insurance for you simply give us a call and talk to a tradie expert on 1800 872 331.

Easier still you can fill in a form for income protection insurance quotes. Get income protection insurance for contractors. Compare best contractor income protection quotes. Income protection insurance for contractors.

If you are a contractor or freelancer you should also consider taking out other types of insurance to help protect your business and source of income. Income protection insurance contractors falling sick or being unable to work can be problematic as a contractor but with income protection insurance contractors you will have one less thing to worry about. Unlike workers compensation income protection typically covers you 24 hours a day and seven days a week subject to any waiting periods or other limitations of your particular policy. Generally income protection is a monthly benefit that pays around 75 85 of your income while you re unable to work and is based on your earnings prior to the claim.

The benefits of income protection insurance for contractors 1 regular income. That s where income protection insurance would come into play. You will receive part of your taxable income if you are not able to work due to an illness or accident. What you need to decide is.