4.3 million self-employed people left exposed by 'protection gap'

clock • 2 min read

More than 4 million self-employed people do not have a back-up plan for if they were unable to work, despite their families being disproportionately reliant on their income.

The research from Scottish Widows found that just 7% of self-employed people have critical illness cover to protect them if they were unable to work.  Just 7% of the self-employed population have critical illness cover, compared with 9% of the general population. With the self-employed population now rising to 4.79 million workers in the UK, or 15.1% of the workforce, this is the equivalent of 4.3 million workers having no protection in place if they were unable to work due to illness. Two thirds (62%) of self-employed workers' households are reliant on one wage earner's income, co...

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