You work several hours a day, pouring out blood, sweat and tears. But it’s all worth it when you take a moment to glance at satisfied clients, knowing that their smile came from legal advice you personally have given. Nobody expects to get sick or meet accidents but they can strike suddenly anytime and anywhere.
Why Should You Consider an Income Protection Insurance
As a barrister, you are an independent source of legal advice and definitely can guide clients on their cases. Commonly, you are appointed by solicitors to represent a case in court and only become involved once aid before a court is needed. You examine the case on behalf of the client and the client’s solicitor.
You, as a barrister, are expected to work through a set of chambers and are considered to be self-employed. Consequently, you’re unlikely to receive any sick pay if you’re out of work because of an illness or injury.
With this, income protection can step in to secure you an income if you’re off sick or you get involved in an accident. It is designed to keep your life on track financially. This form of insurance helps in paying bills and supporting your family’s expenses so that you can focus on getting well again. Did you know that income protection insurance covers up to 75% of your salary reaching a maximum of $10,000 monthly? This goes on for as long as your policy states or until you can go back to work. There are many different policies out there, so you should look for one that best suits your needs.
How Should You Claim Income Protection Insurance
To claim income protection insurance, you need to show your insurance provider medical evidence of a disability. You’re considered to have a disability if a sickness or injury is stopping you from working. For example, if your motor skills or mental health is at stake, you can make a claim. After a fixed waiting period determined by your insurance policy, payments will start rolling in, marking the dawn of your worry-free recovery period. Imagine being able to recuperate without any financial woes. What would that peace of mind be worth to you?