Income Protection Insurance for the self employed

In most cases Australian Life Insurers are unwilling to provide income protection for the newly self employed with a history of less than 12 months. Although if you worked as an employ in the same industry then you can apply for a indemnity style income protection benefit. Here is a list of occupations that would qualify for an Indemnity style Income Protection policy.

Alarm Installer
Joiner
Bricklayer
Landscape Gardener
Backhoe, bobcat, bulldozer or Earthmovers
Locksmith
Boat Builder
Logging
Boiler Maker
Mechanic Diesel or Marine
Builder
Painter
Cabinet Maker
Panel Beater
Carpenters
Pastry Cook
Cement Renderer
Paver
Cleaners
Plumbers
Cook / Chef
Saddle maker
Demolition Worker No Explosives

Sheet Metal Worker
Electricians
Sign writer
Fitter and Turner
Spray Painter
Florist
Tiler Floors & Walls
Furrier
Tool maker
Furniture Makers
Tree Surgeon
Glazier
TV Technician
Gyprock Fixer
Upholsters
House re stumper
Water proofer
Horse Riding Trainer or Instructor
Welder
Sail maker
Drivers
Scaffold erector
Earth

This means that should you claim then you will need to prove your previous 12 months of income. After 12months of trading history you can usually change your policy to an agreed value.

Either way we have provided a Income Protection Insurance calculator to help you determine what amount you can Insure yourself for.

Although this can be a complex area so speak to one of our advisers who will be more than happy to help.

Get a Income Protection Insurance Quote for the Self Employed now