I am a hairdresser. Do I need Income Protection?

Consider the impact on your life if you couldn't work. If you fell and hurt your hand, as a hairdresser or barber there is a high chance that you would be unable to cut hair. Would you have any other income? Would you still be able to cover the costs of your current lifestyle?

If you would struggle to pay your bills or the loss of your income would leave you with money worries then income protection can help.

How can Income Protection help me?

We are all susceptible to illness or injury but when it means you are unable to work, it can leave you with no household income. If you are self-employed you are your business and without you it may mean there is no money coming in. If you are employed then you may be entitled to Statutory Sick Pay but that is limited and what if you are off work for a longer period?

Income Protection can pay out a regular amount to keep those financial concerns at bay whilst you concentrate on getting better.

Just click on the Green Button at the top, pop in a few details and we can put you in touch with our expert partners so you can begin your search for Income Protection for Hairdressers.

How much is an Income Protection policy?

Buying your policy while you are young and by staying as healthy as you can you are likely to see lower premiums. The same goes for being a non-smoker.

But much of the cost of your income protection policy will depend on what and how much you want to cover.

• What proportion of your income do you want to protect?

You could choose to protect just 50% of your income if, for example, you are not reliant on just your income from hairdressing. That percentage can be increased depending on your needs.

• How long do you want the policy for?

Do you only want the policy for a short period, say 5 years? Or would you want the policy until you retire?

• Do you want a deferment period?

If you are entitled to Statutory Sick Pay, you may not want your income protection payments to start until the SSP has run out.

All these options can be discussed with our Income Protection partner who can assist you in deciding which type of policy works best for you. They have great expertise in Life Insurance and will be able to talk through your options all fee free and without obligation.

Can I get Income Protection if I am a self-employed barber or hairdresser?

Yes, you can certainly take out an Income Protection policy. As a self-employed barber you are unlikely to receive Statutory Sick Pay if you are unable to work due to illness or injury so it is even more important that you consider other ways to protect your earnings - such as through an Income Protection policy.

How can our expert Income Protection partner help?

Everyone's circumstances are different so there isn't a 'one size fits all' for Income Protection. As well as the considerations above, much will depend on your life and if you have dependents. If you are employed in a salon, what protection does your contract give you? Are you a mobile hairdresser? Our partner can talk through all your requirements and put that together with their wealth of knowledge to find Income Protection that fits best with you and your lifestyle.

Click on the link below and our life insurance partners will be in touch to discuss your Income Protection needs.

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Our expert partner, LifeSearch, are one of the UK's biggest life assurance brokers. They work with some of the leading insurers and together they can search out the cover you need. The insurers they work with include AIG, Aviva, British Friendly, Legal & General, LV=, Royal London, The Exeter, Vitality, Scottish Widows, National Friendly, Shepherds Friendly, Cirencester, Holloway, Guardian and Zurich. Lifesearch, in the same way as MoneyMaxim, are regulated and authorised by the FCA,. They provide a guarantee to get you the right cover at the most competitive premium they can. There are zero fees and no obligation at all with their service.

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This content was last reviewed on 03/07/2024