The freedom and independence one has from running their own business can have a number of benefits – both financial and personal. However self employed workers often don’t have the luxury of being able to miss work if they are sick or injured. They also may not have the guarantee of steady work, annual or sick leave to fall back on.
This is where income protection or sickness and accident insurance comes in. Just like employees, self employed workers can take out a policy to protect their income if they suffer a sickness or accident and are unable to work.