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

'Protection wasn’t a financial priority’

Hemma Visavadia
clock • 1 min read

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 IFA.   As the cost-of-living crisis continues, one quarter (24%) of workers said if they were un...

To continue reading this article...

Join COVER for free

  • Unlimited access to real-time news, key trend analysis and industry insights.
  • Stay on top of the latest developments around health and wellbeing, diversity and inclusion and the cost of living crisis.
  • 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 Individual Protection

COVER Excellence Awards 2026: Final day to enter

COVER Excellence Awards 2026: Final day to enter

Awards ceremony on 10 November

COVER
clock 03 July 2026 • 1 min read
COVER Customer Care Conference 2026: In pictures

COVER Customer Care Conference 2026: In pictures

Event on 1 July

COVER
clock 02 July 2026 • 1 min read
COVER Customer Care Conference 2026: Roundup

COVER Customer Care Conference 2026: Roundup

COVER hosted its Customer Care Conference today (1 July, 2026), focussing on supporting customers beyond the policy.

Jaskeet Briah
clock 01 July 2026 • 5 min read