LV = has announced it is returning to day one and week one waiting periods for self-employed customers applying for LV= Personal Sick Pay (PSP).
The insurer stated that following its removal of restrictions for ‘traditional workers' last year, that the move will also return restrictions for the self-employed to pre-pandemic status for the income protection product designed for the self-employed and those in riskier or manual occupations. However, a temporary Covid-19 exclusion for symptoms lasting under four weeks will remain for PSP applicants, meaning that a claim won't be paid during that time if it is due to symptoms of coronavirus, respiratory tract infection, cold or flu. If the symptoms are more serious and last beyond ...
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