Should I take out Insurance??

[Jordan east sussex]

Hi one and all

 

So, I've recently got in the tree surgery game, working self employed but mainly working for a local company which gets work on the railways.

 

Question is should I take out any insurance and if so any recommendations please? I've been reading a few threads on here saying how most don't bother as the many loopholes and it can work out quite expensive for something which you may never need..?? Is there any good companies/brokers people have used or other types of insurance which are relatively cheap which are worth getting?

 

 I see there is accident sickness and unemployment insurance but there is also income protection?? I imagine there are others but yeah, any advice would be great ha.

 

Maybe keep in mind I'm still living at home so no real commitments nor have I got any other tickets yet apart from my cross cutting yet, but plan to do others in near future.

Cheers

[Squaredy]

51 minutes ago, Jordan east sussex said:

Hi one and all

 

So, I've recently got in the tree surgery game, working self employed but mainly working for a local company which gets work on the railways.

 

Question is should I take out any insurance and if so any recommendations please? I've been reading a few threads on here saying how most don't bother as the many loopholes and it can work out quite expensive for something which you may never need..?? Is there any good companies/brokers people have used or other types of insurance which are relatively cheap which are worth getting?

 

 I see there is accident sickness and unemployment insurance but there is also income protection?? I imagine there are others but yeah, any advice would be great ha.

 

Maybe keep in mind I'm still living at home so no real commitments nor have I got any other tickets yet apart from my cross cutting yet, but plan to do others in near future.

Cheers

If you are an employee you do not need public liability cover as your employer should have this.  

 

You might want to consider sickness and accident insurance or permanent health insurance.  But first look into the cover your employer provides.  Also consider what state benefits you would get if unable to work.  

 

Most importantly are you responsible for others eg kids or spouse?  It sounds like you are young free and single in which case maybe you would be better off saving for the years ahead when a mortgage, partner and kids mop up every spare penny.

[eggsarascal]

Get some public liability insurance, you will do private jobs, for someone like you its relatively cheap. I used to have private health care as part of my deal when I was employed, it was invaluable when I needed it. Accident/sickness, only you can make that call.

Edited October 22, 2018 by eggsarascal