As a business owner, you don’t have an employer to rely on for sick pay. Being unable to work due an accident or illness can place significant financial strain on what is already a very stressful situation, especially if you have dependents.
Even for truck and transport operators who work for someone else, sick pay is usually only paid for a certain amount of days. While it’s not a nice thing to think about, it’s important to consider personal insurance solutions to protect yourself and your loved ones in the event you were unable to work for an extended period of time.
What is personal insurance?
Personal insurance cover options are varied and can be tailored to meet your needs including:
- Income Protection Insurance: This can pay up to 75% of your pre-tax income for a set period of time. It is designed to help you pay your rent/mortgage, bills and living expenses
- Trauma and TPD Insurance: A lump sum payment to assist with medical and rehabilitation costs and living expenses in the event that you experience a serious medical condition or permanent disability.
- Life Insurance: A lump sum paid out to your nominated beneficiaries (e.g. your partner and children) after your death to help them continue to meet financial obligations.
Truck Insurance HQ can help you find tailored personal insurance solutions to support you and your family. If you have any questions or would like a quote, give our brokers a call on 1300 815 344. You can also request a quote online.
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