Two-fifths of self-employed people believe they are ineligible for income protection

Just 4% of self-employed people have income protection, compared to a national average of 11%, the insurer's survey also found. In addition 2 million self-employed are unable to save any money each month leaving them vulnerable to financial shocks. With the number of self-employed workers now close to five million, the second instalment of LV='s ‘Income Roulette' report - a study of debt, savings and protection among 9,000 people - explores how the self-employed would cope with an unexpected financial shock. The results show four in ten (41%) self-employed people can't afford to sa...