Hi guys just wondered who you guys use for the sickness payment insurance and ever had any experience of it paying out ? I'm always dubious about these insurances not to pay out.
- Visitors can check out the Forum FAQ by clicking this link. You have to register before you can post: click the REGISTER link above to proceed. To start viewing messages, select the forum that you want to visit from the selection below. View our Forum Privacy Policy.
- Want to receive the latest contracting news and advice straight to your inbox? Sign up to the ContractorUK newsletter here. Every sign up will also be entered into a draw to WIN £100 Amazon vouchers!
Sickness payment insurance
Collapse
X
-
-
Sickness payment insurance
Combination of plans. One to cover short term illness from day one another that kicks in after a year and index linked in case the wheels really come off the wagon. Talk to an IFA. -
General isn't the best place to post serious questions....'CUK forum personality of 2011 - Winner - Yes really!!!!Comment
-
'CUK forum personality of 2011 - Winner - Yes really!!!!Comment
-
-
Comment
-
Originally posted by TheFaQQer View PostIPSE+I'm not even an atheist so much as I am an antitheist; I not only maintain that all religions are versions of the same untruth, but I hold that the influence of churches, and the effect of religious belief, is positively harmful. [Christopher Hitchens]Comment
-
Another thing those living off the state don't have to worry about.
Family claims £147,000 a year in housing benefit for seven bedroom home - TelegraphComment
-
Originally posted by DimPrawn View PostAnother thing those living off the state don't have to worry about.
Family claims £147,000 a year in housing benefit for seven bedroom home - Telegraph"You’re just a bad memory who doesn’t know when to go away" JRComment
-
Originally posted by eddie1507 View PostHi guys just wondered who you guys use for the sickness payment insurance and ever had any experience of it paying out ? I'm always dubious about these insurances not to pay out.
Mine is with Scot Prov.
Income Protection taken through the right insurer is invaluable for the self employed as they do not have access to PAYE benefits such as sick pay. Essentially, a business could fold very quickly in the event of long term sickness.
I completely agree, that there are some unbelievably bad policies out there though. As always the fine print needs to be examined. Any policy that is not own an "Own Occupation" basis should not be taken up. "Worker tasks" policies will very rarely pay out on the basis that you can still work albeit in another job when sick - exclusions include not being able to wash and bathe yourself. Realistically, you are going to need to be in a very bad way to win your claim.
If you take up a policy, ask for guaranteed rates - you don't want your premium increasing because of the insurers claims that they have had throughout the year.
Finally, to ensure that your benefit is not eroded by inflation, make sure that your policiy is linked to the retail price index.Comment
- Home
- News & Features
- First Timers
- IR35 / S660 / BN66
- Employee Benefit Trusts
- Agency Workers Regulations
- MSC Legislation
- Limited Companies
- Dividends
- Umbrella Company
- VAT / Flat Rate VAT
- Job News & Guides
- Money News & Guides
- Guide to Contracts
- Successful Contracting
- Contracting Overseas
- Contractor Calculators
- MVL
- Contractor Expenses
Advertisers
Contractor Services
CUK News
- Reeves sets Spring Statement 2025 for March 26th Today 09:18
- Spot the hidden contractor Dec 20 10:43
- Accounting for Contractors Dec 19 15:30
- Chartered Accountants with MarchMutual Dec 19 15:05
- Chartered Accountants with March Mutual Dec 19 15:05
- Chartered Accountants Dec 19 15:05
- Unfairly barred from contracting? Petrofac just paid the price Dec 19 09:43
- An IR35 case law look back: contractor must-knows for 2025-26 Dec 18 09:30
- A contractor’s Autumn Budget financial review Dec 17 10:59
- Why limited company working could be back in vogue in 2025 Dec 16 09:45
Comment