Contractor Doctor: Can I claim payment protection working for an umbrella company?
When a contract is terminated, umbrella company contractors remain employed and can’t claim payment protection.
Why you need income protection to avoid major financial difficulties
You need income protection to ensure you and your family have an income if you becomes too ill to work.
How to protect earnings if you are unwell using income protection policies
To ensure you still get paid when you are unwell you can protect your income based on your contract rate
Income protection – sample premiums and returns - are you covered?
Income protection premiums are small compared to your earnings but the consequences of not being insured are huge. Are you covered?
Comparing state insurances and private income protection
Contractors will find that state insurances won’t provide a financial safety net if they can’t get work or fall ill.
Why contractors cannot rely on unemployment benefit
Contractors will find that, even if eligible, unemployment benefit in the form of Job Seeker’s Allowance falls well short of their household bills.
Contractor income protection and the myth of unemployment cover exposed
Angela James of Contractor Wealth highlights the pitfalls that face contractors in the event of job loss, illness or injury.
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