Get reliable coverage for injury or illness with personal income protection insurance
Personal Income Insurance
It comes as no surprise that life is unpredictable. If you are concerned that an unprecedented event or incident could affect your ability to bring home a regular salary, then you should consider taking out personal income insurance.
Personal trainers working for others, may be covered under worker’s compensation, however, the cover provided by worker’s compensation is limited and only covers injuries which occur because of an employer’s negligence.
This limited cover means that for many people, illness or injury that occurs away from the workplace will not be covered and there will be no compensation in the event you can’t work.
Those who are also self-employed typically are not covered under worker’s compensation.
What Is Personal Income Insurance?
Personal income insurance (also known as income protection insurance) is designed to pay you regular amounts in the event that you are unable to work due to an illness, injury or accident. Personal income insurance gives you peace of mind that you can pay your regular bills, rent or mortgage and other living expenses while you’re off work.
Do I need personal income insurance?
If you have your own business, dependants that rely on you or a job that does not provide you with sick leave, you should insure your income. If any of the following apply to you, then personal income insurance may not be a suitable fit:
- You have medical insurance that covers illnesses
- Your company will provide with with sick leave benefits
- You have substantial savings (even still, this could pose as a risk to your financial health)
Why Choose Gym Insurance HQ?
The solution to obtaining comprehensive 24/7 coverage for injury or illness is through personal income insurance. At Gym Insurance HQ, we have a large range of products from low cost, straight forward policies through to fully tailored policies which can be structured to be funded via super with no impact to your weekly income.
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