Personal Accident and Short Term Income Protection Insurance

Whether you take out personal accident cover is purely down to personal choice. Contractors and tradespeople typically take it out because they may work in higher-risk environments like construction sites, where accidents are more likely to happen compared to lower risk trades or businesses.

Personal accident insurance is designed to provide financial compensation in the event of serious injury or death caused by an accident. It can cover medical expenses and lost income or pay out a lump sum for serious, permanent injury or death. The amount it pays out depends on the level of cover you buy.

The level of personal accident cover you take out is entirely your choice, but you do need to think about how much your loved ones might need to pay the bills if you suffer serious injury or death while at work. At NICEIC and ELECSA Insurance Services, we offer two levels of personal accident insurance to choose from, or you can get in touch for advice and a quote.

Cover is available up to 75 years of age.

Whether you take out income protection insurance as a contractor or tradesperson is a personal choice. Remember, though, that personal accident and short-term income protection insurance is designed to help replace lost income if you are ill or injured and unable to work. So, when deciding whether to take out this cover, think about how you would pay the bills if you were unable to work and earn for an extended period due to illness or injury. At NICEIC and ELECSA Insurance Services, we've made it easy to add personal accident and short-term income protection cover to your main contractors insurance policy at a competitive price, so you can protect your livelihood. It is important to say that not only will you will be covered if you have an accident or illness whilst at work, you will also be covered in your spare time – for example, if you are injured whilst playing sport or at the gym and are unable to work.

That depends on whether you could pay your regular monthly bills and expenses if you could not work and earn for an extended period. If you think being unable to work for months, for instance, would put you in financial difficulty, then you do need to consider income protection insurance. At NICEIC and ELECSA Insurance Services, we've made it easy to add income protection cover to your main contractors insurance policy at a competitive price.

The level of income protection cover you need depends on your circumstances – and, crucially, the level of financial support you might need if you are left unable to work for a prolonged period due to accident, injury or illness. In simple terms, you should take out enough income protection to cover the monthly bills and expenses that are unavoidable and which will still need to be paid if you are unable to work. If you are unsure, get in touch for free, confidential advice.