Clean It Up

UK Window Cleaning Forum => Window Cleaning Forum => Topic started by: firefly123 on December 28, 2011, 07:57:07 pm

Title: hands up who has income protection
Post by: firefly123 on December 28, 2011, 07:57:07 pm

i have this but i have to question is it worth it will they pay out or try and weedle out of it or keep putting that 50 quid in a holding account

Title: Re: hands up who has income protection
Post by: andyatkinson on December 28, 2011, 09:30:37 pm

think long and hard, im back to work tommorow after 15 weeks off with a broken leg and ankle and no i protection......

Title: Re: hands up who has income protection
Post by: bobplum on December 28, 2011, 09:37:25 pm

his name is john,6foot 6inches ....calls in the dark and gets my money ;D

Title: Re: hands up who has income protection
Post by: laddermonkee on December 29, 2011, 02:44:58 pm

Better with "own occupation" insurance rather than "any occupation" insurance although the former is now hard to get.
"Own occupation" pays out if you can't do your regular trade, "any occupation" only pays out if can't do any kind of work whatsoever.

Title: Re: hands up who has income protection
Post by: Londoner on December 29, 2011, 04:33:33 pm

IF( and its a big IF) you can dicipline yourself to put the money away and not touch it then running your own scheme is almost certainly better. But you have to do it properly. Not blowing it everytime it starts to burn a hole in your pocket. There lies the problem. Good intentions on their own are not enough.
At the very least it has to be paid into a proper ten year scheme where you are contracted to pay in come what may. And it has to be hard to get the money out so you only do it in times of genuine and real need.

Title: Re: hands up who has income protection
Post by: Frankybadboy on December 29, 2011, 05:09:42 pm

good insurance with cover from day 1 cost a bit more,but well worth it

Title: Re: hands up who has income protection
Post by: SunShineCleaning on December 29, 2011, 06:18:41 pm

I think you are better off putting it away. I pay myself a wage from my Business Account rather than live off my turnover. If you can get 6 months money put to one side you  have your cushion.

Title: Re: hands up who has income protection
Post by: AS Window Cleaning on December 29, 2011, 07:40:01 pm

I had it with company called pioneer friendly society. needed to claim when had inner ear virus. they were good as gold. cancelled it when went wfp but thinking getting it again for peace of mind.