Working for yourself offers incredible freedom, but it also means you are responsible for your own safety net. Unlike permanent employees, those working via CIS, self-employment, or contracts often lack essential benefits like sick pay or death-in-service cover.
If an illness or injury prevented you from working, would your savings be enough to cover the bills?
To help you stay financially resilient, Clipper Contracting Group has partnered with Cleerly to provide expert advice on protection insurance tailored specifically for the independent workforce.
Here are the three key areas of protection you should consider:
Income Protection
This is effectively your own personal sick pay. It provides a regular weekly or monthly benefit if you become too ill to work due to injury or illness—covering both physical and mental health. It ensures you can continue to meet your mortgage, rent, and living expenses until you are ready to return to work.
Critical Illness Cover
While income protection covers your time off, Critical Illness insurance pays out a lump sum if you are diagnosed with a specified serious condition, such as cancer, a heart attack, or a stroke. This tax-free payment can be used for private medical treatment, adapting your home, or simply removing money worries so you can focus on your recovery.
Life Cover
Ensure your loved ones are provided for if the worst should happen. Whether you want to make sure your mortgage is paid off or provide a regular income for your dependants, life cover offers peace of mind that your family will be financially secure.
Why review your needs now?
Statistically, you are more likely to be off work for two months or more through illness or injury than you are to be diagnosed with a critical illness or pass away before retirement. Your Cleerly Protection Consultant can provide a fair and personal analysis of your circumstances to find the most appropriate cover for your way of working.
Don't leave your financial wellbeing to chance. Get in touch with the team today.