As a self employed Carpenter or Joiner or employee of a small or large Carpentry business have you ever asked yourself what will happen to you and your family in the unfortunate event that you are unable to work because of an accident or long term illness.
Working with wood is a very specialist craft, whether you are a carpenter, joiner, shop fitter or furniture maker, though technology and latest tools has helped in productivity, the physical risksof working with wood has not changed. It has become increasingly difficult time to recruit as working with wood is diminishing in favour of more perceived lucrative career paths and hence luxury of large apprenticeship teams are a things of the past. In short, you have to not only consider the risks of working in your trade but also the fact that not very often you have a team to depend on to carry your work if you fall ill or have an accident.
What would happen if physically or mentally you were unable to work, what would you do with your work load. Whilst you could get around a few days if you are ill or have an accident, if it is any longer what would you do?
Making sure you have Income Protection in place is paramount. Income Protection will provide you amonthly amount for as long as you are unable to work.
If you have been in your trade all your working life, going into a different occupation is not something you would want to do!! This cover is based on you not being able to do your job and more importantly you would not be expected to go back into other occupations under the feature called as “own occupation”.
Having a monthly tax free amount being paid to you whilst you recover from your accident & sickness will be a great help.
It doesn’t matter if you want a plan that will start within being signed off work for 1 week or you want to cover yourself until your mortgage ends or until you reach your 65th birthday – we can find a plan that fits your individual requirement.
Contrary to some commonly held views, this type of cover can be relatively inexpensive and with budgets of £2 – £3 per day, you can get covers of typically up to £1,000 of monthly benefit amount and will pay you until your retirement age.
If you want a basic plan or let’s say a door hung it will be relatively inexpensive, if you want comprehensive plan with all the bells and whistles, lets say a full bedroom suite made then it may cost more.
You as with anything get what you pay for.
At Best Insurance, we specialise in Income Protection, it’s what we do.
It is prudent to get your income protection cover in place when the going is good. This will allow you to get the cover without any exclusions and any premium loading.
Get smart and get ahead, start the process now.