Contractor Income Protection

Contractor Cover

Contractor Income Protection Contents:

^ TopWhy Contractor Income Protection

Whilst permies have the benefit of at least 3 months pay in the event of accident or sickness, as a contractor you are exposed to financial loss the first morning that you are unable to arrive on site, fit and ready to work. You can protect yourself against such financial hardship.

In your last permanent job you likely would have had 'death in service benefit' of up to 4 times salary. As a contractor you have zero protection in the event of your death. If you have an outstanding mortgage then a policy covering yourself will ensure no debt is left for for a partner, kids or other family members should anything happen to you.

And finally, there is the risk that you are diagnosed with a critical illness, such as heart stroke or cancer. You can protect yourself from the potentially disastrous financial consequences of such conditions so that a lump sum is paid on the diagnosis of such an illness.

Contractor Financials can offer a tailored range of specially selected ‘contractor friendly’ policies that reflect the unique way in which you work. This means that the protection can mirror that which you enjoyed when a permanent employee.

Here's a summary of policies available:

Policy Type Purpose
Permanent Health Insurance Monthly income if unable to work.
Critical Illness Cover Lump sum upon diagnosis of critical illness.
Life Cover Lump sum in the event of your death.

^ TopWhy Contractor Income Protection

Read more detail by clicking on the products above, or request a quotation online.

     
  

Latest Site Updates

Contractor umbrella services for free – what’s in it for Springboard Umbrella? Contractor umbrella services for free – what’s in it for Springboard Umbrella?

Marcus Glover reveals to ContractorCalculator his reasons for launching Springboard Umbrella as a (temporarily) ‘free’ service.

ContractorCalculator: Contracting news in brief ContractorCalculator: Contracting news in brief

News this week includes a challenge to the Agency Workers Regulations and upswings in IT contractor demand plus mixed news about the UK’s recovery.

Contractor guide to completing a statement of capital Contractor guide to completing a statement of capital

What is a statement of capital and how should they be completed by limited company contactors?

What contractors need to know about investing through their contractor ltd company What contractors need to know about investing through their contractor ltd company

Contractors can build up large sums in their limited company, but James Abbott of Baker Watkin warns that investing this cash can mean higher taxes.


  
     

  
  

Advertisers

ClearSky Accounting DarwinPay Hiscox ClearSky Accounting AM Limited ContractorCalculator Marketplace Contractors Handbook
  
IR35 Tax Contracting Special
  

Advertisers

Parasol - umbrella company

The UK’s favourite umbrella company. Award winning service, fast set up.

Bedouin Group

No more IR35. Retain up to 85% of your earnings.

Darwin Pay - up to 88% Return

Contractors can take home up to 88% of the contract safely.

Tarpon – IR35 Umbrella Company

Increase your earnings today. Try our free salary calculator now.

Contractors Handbook

The expert guide for UK contractors and freelancers

NA Bedouin Group D J Colom Accountants Contractor Financials NewsNow
  
Darwin Pay
IR35 Tax Contracting Special

  

The UK's leading contractor site. Independently audited traffic (ABCe) – 107,479 monthly unique visitors.