Cost-of-living crisis hits self-employed workers who lack cover

'Protection wasn’t a financial priority’

Hemma Visavadia
clock • 1 min read
Cost-of-living crisis hits self-employed workers who lack cover

Some 13% of self-employed workers in the UK are still without protection insurance, according to new research from Scottish Widows.

Among a survey of 2,000 respondents, just under one third (31%) of self-employed people stated that obtaining some form of protection wasn't a "financial priority". Of these, 25% of workers said they would risk not being covered, while 27% stated they didn't require these policies and 24% that they couldn't afford them.    Meanwhile, 31% of surveyed respondents expressed not being able to afford professional financial advice, with 24% stating they hadn't thought about seeking it from an...

To continue reading this article...

Join Cover

  • Unlimited access to real-time news, key trend analysis and industry insights.
  • Stay on top of the latest developments around Covid-19, regulation, diversity and mental health.
  • Receive breaking news stories straight to your inbox in the daily newsletter.
  • Members only access to monthly programme 'The COVER Review'
  • Be the first to hear about our CPD accredited events and awards programmes.

Join now

 

Already a Cover member?

Login

More on Insurer

RSA taps Peter Townsend as chief compliance officer

RSA taps Peter Townsend as chief compliance officer

For UK and international business

Hemma Visavadia
clock 12 August 2022 • 1 min read
FCA 'disappointed' over product governance and fair value compliance failures

FCA 'disappointed' over product governance and fair value compliance failures

Regulator calls out inadequate response to Policy Statement 21/5

Hemma Visavadia
clock 12 August 2022 • 3 min read
Andy Morris to take up Cirencester Friendly helm next month

Andy Morris to take up Cirencester Friendly helm next month

Becomes chief executive on 9 September

Hemma Visavadia
clock 11 August 2022 • 1 min read