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...

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