The number of self-employed people in the UK is edging towards 1 million. If self-employment were an industry, it would be vast. In comparison, the UK’s largest private sector employer, the John Lewis Partnership, has a workforce of under 90,000.
The gradual shift to self-employed and freelance began several years ago and the movement now seems inexorable. Many are self-employed by choice while a large number have been compelled by circumstances. And it’s certainly true that self-employment brings with it many extremely desirable freedoms, including flexibility of hours and a more generous income taxation regime.
The pitfalls of self-employment
However, the experience is not all positive. Sick-leave, holiday pay, pension provision and even guaranteed working hours are seldom part of the self-employed worker’s package. In many professions, self-employment has by custom, design or accident has become not an option but a requirement.
This is undoubtedly true for dental hygienists, who are members of a highly-skilled and relatively well-paid profession. The model works very well until something goes wrong. If you fall ill or are incapacitated in some way, you may be unable to work. If the illness or injury is anything other than short-term, the effects can be serious. Without a safety net, your income drops but your financial commitments do not.
Each year a million people in the UK find themselves in this predicament. Income protection for hygienists can be a life-saver in this profession. As with any other form of insurance, it is designed to cushion you from the effects of unexpected changes in your circumstances by paying you a percentage of your average income while you are out of action.
Income protection for hygienists can provide invaluable assistance and peace of mind. It will replace part of your income while you are unable to work. The right policy will continue to pay out until you are able to take up work again, or possibly until you retire and it will be valid for the vast majority of illnesses and conditions. In the majority of cases, there is no limit on the number of times you can claim during the life of the policy.
Income protection for hygienists is available in both short-term and long-term forms. Short-term protection usually has a much shorter policy life and covers a narrower range of illnesses and injuries. Long-term policies give you enduring security and peace of mind.
Our policies at dgmutual offer some of the most competitive benefits available in the insurance market, including a tax-free lump sum at the end of the policy and a choice of start day for pay-outs to allow for any other short-term arrangements to take their course.
A mutual friendly society founded in 1927, dgmutual has decades of experience in helping our members and sharing profits. Income protection is our specialism and thousands of dental hygienists can testify to the value of our service. We have an unrivalled track record, paying 99% of claims made, and 70% of those within a week.
Nobody wants to imagine the worst, but it is essential to prepare for it.