Payment protection insurance (PPI) is essential for people who are self-employed, it has been claimed. Jonathan Davis - managing director of Jonathan Davis Wealth Management - believes that Britons who work for themselves need to take out cover that safeguards their income as a matter of urgency. He stated that many families are reliant on the money that is brought in by contractors and there could be severe repercussions if the main breadwinner becomes ill or injured. "If they can't work, they can't earn - that to me is an immediate essential," Mr Davis commented. "So [those who are] self-employed have to have income protection," he added. Mr Davis also highlighted the importance of life assurance, as some families may need to be looked after financially if a self-employed person suddenly dies. Although PPI cover can be important to freelance workers, it has proven to be a contentious issue, with many banks mis-selling income protection covers to customers who have taken out home loans or credit cards. Charles BakerCharles is a reputed financial analyst with decades of experience under his belt.
Belmont Thornton Ltd. is regulated by the Ministry of Justice in respect of regulated
claims management activities; our registration is recorded on the website www.claimsregulation.gov.uk/search.aspx
Belmont Thornton Ltd. is incorporated in England and Wales, Company number 6621233,
whose head office and registered office is at Suite 2, Unit 25, The Coda Centre,
Munster Road, London, SW6 6AW. VAT Registration number 945 3375 06.
Belmont Thornton Ltd is registered with the Information Commissioners Office. Registration number Z1728023
and holds a Credit Consumer License issued by the Office of Fair Trading license
Please note that calls may be recorded and email traffic monitored for the purposes
of security and staff training.
* Belmont Thornton operates on a "No Win No Fee" basis. This means that there are
no upfront costs to pay. Our fee only becomes payable on a successful outcome of
a claim. A cancellation fee is payable if you decide that having instructed Belmont
Thornton to act on your behalf, and after 14 days of signing your Letter of Authority,
you do not wish to continue pursuing your claim with us. The cancellation fee is
the reasonable costs incurred for the work undertaken. Please see our terms of engagement.
By using our web-site, you agree that we can place the types of cookies described