Why take out Private Medical Insurance?
Starting up your own business can bring many challenges, but one of the biggest threats is poor health. Here are some things that could have an impact on your health while being self-employed:
You are not entitled to sick pay
One of the main disadvantages of being self-employed is not getting any employee benefits including Statutory Sick Pay. That’s why, when you become ill, it’s particularly important to get well as quickly as possible to minimise the disturbance on your business. This is where private medical insurance can help.
You will often find yourself working very long hours in a day
When you run your own business, you are committing a lot of time to your work and this can take a toll on your physical and mental health. But with an appropriate health insurance plan in place, you can get your personal healthcare needs covered.
Your business depends on your ability to go to work
Being your own boss means you can’t rely on someone else to continue your work when you become sick. Fast recovery is essential and long waiting lists for treatment are not an option. This is where private treatment can be a more effective option.
Your finances can be unpredictable
When you start your own business, your income can be unpredictable and unforeseeable costs can be a burden. A good private medical insurance cover can safeguard your finances against expensive private medical bills.