Being self-employed comes with a lot of perks that you wouldn't find if you were working in an office. These include being your own boss, setting your own schedules, as well as having a direct hand on how you want your business to succeed. However, being a salaried individual has one big advantage over their self-employed counterparts: sick pay. So if you're your own boss, you will have to shoulder your medical insurance too. It's okay since everyone needs to be covered for that anyway. But what would you do if you fell ill or got injured in an accident that prevented you from working for a long time?
Enter income protection insurance. This is a type of insurance that is designed to provide the insured with monthly benefits should he be unable to work due an illness or injury. But why do you need this type of insurance if you're self-employed? Here are a number of reasons:
Get the Right Income Protection Insurance Today
Despite countless offers from various insurance companies, not all income protection insurance policies are made equal. It's therefore important that you shop around first before choosing one. The qualified advisors are ready to assist you by providing you with rate comparisons of Australia's top insurers. This enables you to find the policy that's tailor-fit to your needs. Contact us today for more details!