Being in business for yourself can provide independence and freedom, but also comes with greater responsibility than those who are employees. Disadvantages include not having a regular income, arranging your own sick pay and superannuation.
If you are going it alone, are you prepared for all eventualities? Could you afford to be ill for several months or suffer an injury that puts you out of action for several months? Would you have enough income to pay the bills and provide for your family? Would that be the end of your new career?
Until now newly self employed people have been unable to get income protection to protect their greatest asset- their income.
START UP INCOME PROTECTION from Sovereign can provide you with an agreed monthly benefit of either $2,500 or $4,000 per month over a six or twelve month period. This cover is particularly relevant for new franchise owner operators.
Please contact Michael or Gwyn Gray to discuss your insurance concerns.