Loss Of Income Protection

[SimonMac]

I know most people will (or should) have a warchest to cover a prolonged period on the bench, but what options are there for long term sickness cover and the like for contractors?

[administrator]

I know most people will (or should) have a warchest to cover a prolonged period on the bench, but what options are there for long term sickness cover and the like for contractors?

This any use?
Guide to Income Protection Insurance for IT Contractors :: Contractor UK

[psychocandy]

Just wondered - can you claim SSP for yourself as an employee off the government?

[Clare@InTouch]

Just wondered - can you claim SSP for yourself as an employee off the government?

Yes, assuming you're an employee of the company.

[zamzummim]

This any use?
Guide to Income Protection Insurance for IT Contractors :: Contractor UK

I looked into this last year - using contractor money, the quote was ridiculous, too high monthly fees for very little in return, it wasn't worth it for me.

I have two different mortgage protection one would pay a good sum for sickness for a year, its very expensive, the other is a regular life. I divided it into two policies, so if I get a serious illness I have one year to sort out my finances, e.g. sell the house, move etc.

[SueEllen]

You can now take PHI out via Cavendish Online, who are online brokers who don't charge commission.

However they don't give advice.

When I took my own policy out I went to a broker for advice but due to his behaviour I went to a different broker. They found the same company etc. Both of them charged commission as at the time Cavendish Online weren't doing PHI.

Edited to say: I checked my policy and I'm covered being a director. And it was also checked yesterday by the broker who confirmed it.