Anyone Worried?

[Lance]

Check the T&Cs of those very carefully. I wouldn't be surprised if contractors are pretty much disqualified by the T&Cs, but they'll certainly accept your premium...

Some include salary and dividends. Some don’t.
This is the sort of product I’d pay for advise before purchasing.

[DimPrawn]

Check the T&Cs of those very carefully. I wouldn't be surprised if contractors are pretty much disqualified by the T&Cs, but they'll certainly accept your premium...

Total waste of money IMHO. May as well insure your hands incase they get chopped off and you cannot work.

They never pay out.

[jamesbrown]

There's short term income protection insurances

Check the T&Cs of those very carefully. I wouldn't be surprised if contractors are pretty much disqualified by the T&Cs, but they'll certainly accept your premium...

[ladymuck]

How? It only pays out if I’m incapacitated for medical reasons.

Are there policies that pay out for lack of work? Premiums must be astronomical.

There's short term income protection insurances that will only pay out for, say 12-18 months. Long term income protection could potentially be for life if the condition is serious enough. It's possible to have both so the period you have to wait for LT insurance is covered by the ST one, for example.

[The Tartan Cottage]

Claim on your income protection surly ?

How? It only pays out if I’m incapacitated for medical reasons.

Are there policies that pay out for lack of work? Premiums must be astronomical.

[GhostofTarbera]

Yes, I’m in the process of doing that. It’s the things like income protection and critical illness that I’m umming and aahing over. And my medical plus dental cover. That’s £350 pm for that little lot together.

Essential or not? I’m beginning to think the latter because this whole thing is now existential.

Very, very frightening.

Claim on your income protection surly ?

[The Tartan Cottage]

Cancel all non-critical subscriptions like Netflix, gym, cinema and such. Stack up on cheap, long-lasting food like rice, beans, quinoa etc. Put your debit cards away so you're not tempted to spend. Withdraw a fixed amount of cash at the beginning of each month and use that instead.

Market is absolutely brutal so keep your expectations low. I've been on the bench for 3 months now. Other pros I know are in similar situation.
Tailor your CV to each particular role to stand out. Reach out to your old clients and contacts. Keep fighting.

Demand is slowly picking up but it will take time.

Yes, I’m in the process of doing that. It’s the things like income protection and critical illness that I’m umming and aahing over. And my medical plus dental cover. That’s £350 pm for that little lot together.

Essential or not? I’m beginning to think the latter because this whole thing is now existential.

Very, very frightening.

[JamesBrown11]

Well it looks like my pwc opportunity has fizzled out. They wanted to do a second interview within a couple of days but 1 week later and they’re not returning the agent’s calls.

Thinking it’s time to start stacking shelves. Damage limitation.

Cancel all non-critical subscriptions like Netflix, gym, cinema and such. Stack up on cheap, long-lasting food like rice, beans, quinoa etc. Put your debit cards away so you're not tempted to spend. Withdraw a fixed amount of cash at the beginning of each month and use that instead.

Market is absolutely brutal so keep your expectations low. I've been on the bench for 3 months now. Other pros I know are in similar situation.
Tailor your CV to each particular role to stand out. Reach out to your old clients and contacts. Keep fighting.

Demand is slowly picking up but it will take time.

[The Tartan Cottage]

The big 4's (their clients) are stopping projects like never before. Even if you were in as a contractor, the chances are that the contract would have been terminated within a month or so. It happened to me couple of months ago. They haven't even bothered to collect their laptop yet from me. Will be mailing them tomorrow.

Did they or Agent give you any reason?

No, the agent doesn’t think it’s dead and is trying to get hold of them. After 7 days, I can’t help feeling it’s not going to fly.

Regarding your other comment, the project is related to corporate car leasing. Don’t know how that’s holding up in the current climate. Not good is my assumption.

[BigDataPro]

Well it looks like my pwc opportunity has fizzled out. They wanted to do a second interview within a couple of days but 1 week later and they’re not returning the agent’s calls.

Thinking it’s time to start stacking shelves. Damage limitation.

The big 4's (their clients) are stopping projects like never before. Even if you were in as a contractor, the chances are that the contract would have been terminated within a month or so. It happened to me couple of months ago. They haven't even bothered to collect their laptop yet from me. Will be mailing them tomorrow.

Did they or Agent give you any reason?