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Why Personal Accident and Sickness Insurance is important to Freelancers and Contractors

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MANCHESTER, U.K. - eTradeWire -- If you had an accident at work or had to take time off work due to sickness, would you be ok financially?

Working as a Freelancer or Contractor has many benefits but unfortunately they do not extend to sick pay. If you can't work you can't earn money. This is why we feel one of the most important insurance products to purchase is Personal Accident and Sickness. This insurance takes care of you when you need it most.

What are the benefits of this cover?

Accidental Death and Permanent Disability pays a lump sum payment for death as a result of an accidental cause or permanent disability which prevents you from carrying out your normal occupation. It includes, but is not limited to, the loss of sight, hearing and limbs. Cover starts from £50,000 and can be increased to as much as £140,000.

The policy can be extended to include Temporary Total Disablement (TTD), which in plain English means that if you are unable to carry out your usual occupation due to a temporary injury the policy will pay a regular sum to cover your lost earnings. You can chose the cover required from £150 to £1000 per week. The cover period is 52 weeks, making the weekly benefit payment selected by you, providing it does not exceed 65% of your annual salary.

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We also offer a Sickness extension providing the same benefits as the above temporary total disablement cover. Whilst all covers are important the majority of claims we see are due to sickness.

Having a policy that provides you with cover 24/7, meaning you are insured at work, home, play and whilst commuting gives you peace of mind so you can get on with what you do best.

Things to consider about sickness cover?

As an extra thought you may also want to consider Travel Insurance. Did you know Freelancers and Contractors travel 3 times more often than ordinary employees?

Our annual Business Travel & Holiday insurance provides cover for you and your family, for unlimited worldwide business and holiday trips. You are far more likely to suffer an injury at work and travelling to and from work.

We hope you never have the need for this type of insurance but if you do you can feel secure that you have the insurance you require to focus on your recovery.

Source: Caunce O'Hara & Co Ltd
Filed Under: Insurance

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