We don't exclude any particular occupations and we'll consider you as self-employed if you work for yourself, own your own business or own 25% or more of the shares in a business.

Below we show how Lifestyle Cover insurance will affect you if you're self-employed.

 Accident or SicknessUnemployment
Eligibility

You can take out Lifestyle Cover to protect your income if you can't work due to an accident or sickness, as long as you meet our eligibility criteria.

You don't need to tell us about your medical history when you apply, but we'll check this when you make a claim.

We don’t specifically exclude chronic conditions, such as:

  • Asthma
  • Cancer
  • Diabetes
  • HIV/AIDS

 

However, you'll not be able to claim in the first 12 months of cover for any illness or disease which you suffered from in the 12 months before this cover started.

You can take out Lifestyle Cover to protect your income if your employment ends due to circumstances outside of your control, as long as you meet our eligibility criteria.

Unemployment cover may not be suitable for all self-employed customers because to make a claim for unemployment benefit, your business must cease to trade (permanently stop trading) as a result of it not having enough assets to pay all debts and liabilities.
In other words, when the revenue from your business and its assets, for example, company premises and capital, are worth less than the money your business owes to others.



Claims When you make a claim for accident or sickness, you'll need to send us:

1. confirmation from your doctor (see the note below) that you're unfit for work; and

2. proof of your gross monthly income for the last 12 months. For example, details of your income declared to HM Revenue & Customs (HMRC), bank statements showing these payments have been made to you from your business or confirmation from your accountant.

Note: While we'll accept certification from your doctor for most illnesses, for us to consider your claim we do need a suitably qualified consultant to confirm that you’re unable to work in the case of a back-related condition. For us to consider your claim for depression the symptoms must be certified as severe by a suitably qualified consultant or doctor.
When you make a claim for unemployment, you'll need to send us:

1. proof that your business has ceased to trade, for example confirmation from HMRC, or proof that it’s in the hands of an insolvency practitioner or an officer of the bankruptcy court.

2. confirmation from the Jobcentre (you must satisfy the terms of your Claimants Commitment to be able to claim on this policy – your Jobcentre will usually issue you with a benefit award letter which contains this information); and

3. proof of your gross monthly income for the last 12 months. For example, details of your income declared to
HM Revenue & Customs (HMRC), bank statements showing these payments have been made to you from your business or confirmation from your accountant.
Qualifying period There's no initial exclusion period under our Accident and Sickness insurance. There's an initial exclusion period under our unemployment insurance. This means you wont be able to claim if you're made unemployed in the first 60 days of your cover starting.

However, we can provide unemployment cover as soon as you add it to your policy, if this policy is replacing another policy, either from us or another insurer (and your other policy has been active for at least 12 months immediately before taking out this unemployment cover and you have not claimed under your other policy within the last 12 months).Terms and conditions apply and you can find them in the policy document.


Limitations and exclusions apply. For more information about what is and isn’t covered, please read our  Lifestyle Cover Insurance Key Features   PDF: 233KB  or for full details see our  Lifestyle Cover Insurance Policy Booklet  PDF: 373KB

Important information about unemployment cover for self-employed

If you're personally responsible for the debts of your business (for example, a sole trader or non-limited company), to be able to claim for unemployment, you'll have to be made bankrupt or have applied for an Independent Voluntary Arrangement (IVA). If this doesn't apply to you, unemployment cover may not be suitable for you.