On Your Own - Insurance

Even when you're on you're own you still need some sort of protection from the unexpected. The thing is that the smallest of businesses will try to cope with people trying to do more than one job when a colleague goes absent for a time. This can't be the case if you decide to go it alone in business.
The simple fact is that a person who is self employed becomes incapacitated there is no one else to run the business, and besides now there is no more revenue coming in.
There is only two possible things that can happen in these circumstances: you can go on sickness benefit [barely enough money to keep yourself going, never mind any dependents you may have] and temporarily wind up your new business; if you have had the forethought to take out a self employed health insurance plan. This not only covers the cost of any medical bills but will provide income replacement after a certain time off work [depending on the policy].
It has to be said that neither is the best option, you can go for the short-term savings risking the possible loss of impetus for your business, or you can be cautious, and try to smooth out the bumps which are inevitable in any business.
Good Luck Out There.

Small is Beautiful

All businesses need adequate protection, especially so if you find it difficult to get good cover if one of your employees has to be absent for a long time.

The smaller the business the more important it is for the corporate medical insurance provided absolutely guarantees that the company is able to hire temporary staff to cover the vacant positions. Larger companies do not have to worry so much about this as when more people are employed there is always a certain amount of overlap in the employees' job-skills. But most SMEs have to make sure that the person in every position is specialised in their field.

The best way to ensure that your business is adequately protected for any eventuality is to check around, always make sure to check the small print in any coverage, and don't just go for the cheapest option [although don't ignore it just because of that!]

Free Medical Insurance When Visiting The UK

Talks are on going to make sure any resident of the Isle Of Man visiting the UK is guaranteed private health insurance could be discussed as soon as next month. The plan is the proposal is brought into play before the end of the UK reciprocal health agreement.

As of the 1^st of April Manx visitors won’t be eligible for free treatment in the UK if they take ill. This has caused concern with the older community that don’t believe they will be able to obtain private medical insurance to leave the Isle Of Man.

Surely this problem has to be sorted before the people of the Island think that they are imprisoned there and have no choice but to remain there because there’s not much of a chance at one point in your life you’re not going to have to receive medical treatment. Sorting this out can only be good for the country as people would surely avoid visiting the UK if they thought they were covered incase of illness.