Answered by Tom Conner
Income Protection for the Self Employed
Thanks for your enquiry. To answer this question we would need to know more about your circumstances as it would vary from insurer to insurer so it’s best to call and speak to one of our advisers.
As a general rule there is no minimum period for which you would need to be self employed for income protection insurance. However at the claims stage the insurer would look over your earnings history for a certain time period.
If you were previously employed in a certain job and are now self employed in the same role then the insurer would look at both periods of employment. However, if you are now in a completely new role they would not take your previous employment into consideration so it may be best to wait until you have a longer earnings history in your current role.
There is one policy on the market, The Exeter’s “Bills and Things”, where they do not look at an earnings history and as long as you are working over 16 hours per week they can cover you for up to £1,000 per month.
Please call us on 0208 432 7333 so we can run through your options.
Frequently Asked Income Protection Insurance Questions
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