What are the benefits of self-employed health 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 in your business. Private medical insurance for the self-employed can help to reduce loss of profit as you have access to healthcare when you need it most.

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, which can take a toll on your physical and mental health. But with an appropriate self-employed health insurance plan in place, you can get your personal healthcare needs covered with financial support.

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 get sick. Fast recovery is essential and long waiting time for medical treatment is 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. Private medical insurance cover can safeguard your finances against expensive private medical bills.