Risk Management - Insurances, Permanent Health Insurance (PHI)
When operating a limited company it is vital to consider whether your company and the individuals operating through the company need to take out any insurance. The need to take out insurance may be due to a legal obligation, a contractual requirement or indeed simply due a personal need.
Permanent Health Insurance
A freelancer's income is totally reliant on his ability to work and one of the disadvantages of becoming a freelancer is that you lack the employer safety net of 'sick pay'. However, this benefit can be replaced privately through an insurance policy known as Permanent Health Insurance (PHI). Such a policy would mean that you or your company receive income even when you are sick and unable to work.
See also in this section...
- Employers & Public Liability [Read Fact Sheet >>]
- Professional Indemnity [Read Fact Sheet >>]
- Employment Law [Read Fact Sheet >>]
- Offshore Insurance [Read Fact Sheet >>]
- Directors and Officers Insurance [Read Fact Sheet >>]
- Permanent Health Insurance [Read Fact Sheet >>]
- Tax Inquiry [Read Fact Sheet >>]
- Drivers Loss of Licence [Read Fact Sheet >>]
- Medical Insurance [Read Fact Sheet >>]
- Travel Insurance [Read Fact Sheet >>]
- Death In Service [Read Fact Sheet >>]
- S660A Insurance [Read Fact Sheet >>]
- Public Liability Insurance [Read Fact Sheet >>]
- Key Man Insurance [Read Fact Sheet >>]
- Jury Service Insurance [Read Fact Sheet >>]
- IR35 Insurance [Read Fact Sheet >>]
- Equipment Insurance [Read Fact Sheet >>]
- Combined Liability Insurance [Read Fact Sheet >>]
- Income Protection Insurance [Read Fact Sheet >>]