As a self employed plumber, here’s why you should get critical illness cover

The necessity for critical illness cover has increased in the recent past. This is especially true of self employed plumbers who normally have to look for a means of survival after they are out of work temporarily with no one to fill the void. Here are three major reasons why you should contemplate taking this policy in order to get compensation when you need it most.

critical illness coverThe first reason for taking critical illness cover is that it allows you to obtain an installment-based remission from the insurer after a diagnosis reveals that you suffer from a terminal ailment. For many self-employed experts, going for the monthly payment arrangement guarantees a stable financial future. In other cases, waiting to claim a lump sum, which can amount into thousands of Sterling Pounds, can mean earning enough money to establish a big plumbing company.

It is also essential to opt for this policy because it buffers any industrial accidents such as sawing the hand with a tool or suffering a serious injury when repairing a gas pipe. There are actually plans that usually settle bills through the doctors’ receipts. This means that you will not have to use out-of-pocket means to pay otherwise high hospital expenses. As long as the plan indicates that you will always receive an equal amount to the medication bill, you can be sure that it will save your current income.

A final reason to apply for critical illness cover as a self-employed plumber is that the premiums are low and distributed to times when you usually get your earnings. If you continue paying for years, without claiming monthly remissions, then you can receive an extremely high lump sum that can help your family lead a comfortable lifestyle. Recently, a young British policy holder, actually a plumber, who had usually paid 80 Sterling Pounds in premiums per installment for 24 months, claimed a total of 165,976 Sterling Pounds.

What are the advantages and disadvantages of being a plumber?

Although people may not realize it unless problems in pipes/taps crop up, but plumbing definitely holds a very important place in today’s society. There is a lot more to plumbing than just solving clogged drains and taking care of leaking/broken pipes. Plumbers are responsible for designing and creating the placement of pipes and other interior structures/systems in order to ensure proper delivery and removal of water or gas.plumber

What are the advantages and disadvantages of being a plumber? This has got to be one of the most commonly asked questions amongst people who are considering the idea of taking up plumbing as a career. The very first thing that you should do is to attend a plumbing school in order to receive the training required to thread on this career path. When you attend a plumbing school you will be given theoretical training, business training, administrative training and hands-on training. Thus, you will be able to develop and hone the required skills for excelling in this field.

One of the top pros of becoming a plumber is that it is a very lucrative career. However, in order to ensure that this career earns you your bread and butter and allows you to live a comfortable life, you need to be a skilled professional that is capable of using your brains because a failure or mistake here can cause you to be sued by your clients. Another benefit of being in the plumbing industry is that it allows one to work freelance as well.

As far as the disadvantages are concerned, the top disadvantage is that this field requires one to put in a lot of hard work. Therefore, if you have been hunting for a well-paying slacker career option then this isn’t the one. Moreover, one can also develop body aches and injuries by working in such a field. However, despite the disadvantages, if you are able to master the art of plumbing then you will be having a comfortable and successful career!

A big problem you may encounter with being a self-employed plumber is that sometimes it may be difficult for you to get loans if your self employed. That’s because being self employed is seen as high risk in terms of your credit score.