How Canadian Self-Employed Workers Take Big (Avoidable) Risks

Here's Your Competitive Advantage...

If you’re one of the millions of Canadians who work for yourself, you know that some risks are unavoidable. You also know that a key to business success is making smart decisions and doing what your competitors won’t.

But there is a common and avoidable risk many self-employed Canadians take every day. The numbers are shocking - even though the solution is very simple.

Here’s what they don't realize can give them a huge competitive advantage - and financial peace of mind.

Canadians Are Taking Huge Risks - Coast to Coast

When you’re self-employed, a long period off work due to injury or illness could be the end of your business - even if you eventually recover. Once customers move on to another service or supplier, it's hard to get them back.

• In Canada, about 2.7 million workers are self-employed (about 13% of the workforce).
• BUT only about 25% of self-employed Canadians have disability insurance.

Nearly 75% of self-employed Canadians are financially at risk if they get hurt or sick. They have no way to sustain themselves while they are off work. They have no way to deliver their services if they can't get their hands dirty.

Are you one bad day away from losing everything? Doesn't it make sense to do something different?

What Happens When You Can’t Work

Think about this:

• You are self-employed and need to be healthy to work.
• BUT you injure yourself or get sick and can’t do your job for weeks or months.
• No work = no income.
• BUT your rent/mortgage, business expenses, car payment, loans, groceries and other bills still need to be paid.
• Without a plan, you may have to dip into savings, go into debt, or sell your assets.
• Your customers find someone else to do the work.
• Your business could be at risk.

For self-employed people, your ability to earn an income is your most valuable asset. Without it, your business and financial security is at risk.

Imagine having funds to pay your bills or hire some help while you recover from an accident or illness.

Why Don't More Self-Employed Canadians Have Accident And Sickness Insurance?

Unfortunately, there is a lot of confusion on this topic. So, when asked, self-employed Canadians without Accident and Sickness Insurance sometimes say:

1. I Don’t Need It

• You do.
• The average Canadian male is injured 17 times in his life.
• There is an at-work injury every 30 seconds.
• Programs based on employee platforms can have significant exceptions or limitations for the self-employed.

2. I Can’t Afford It

• You can.
• Policies are affordable and tailored to your needs and budget.
• Is it smarter to invest 2% or 3% of your pay now or 100% of your savings later?

3. I’ll Get It When I Need It.

• You won’t.
• You can only get coverage BEFORE you need it.
• Once you have an injury or illness, it is TOO LATE.

4. I Don’t Trust It.

• You should.
• Insurance is highly regulated so strict rules can work for you.
• Often when claims get denied, the reason was preventable.
• Talk to an agent to understand how a program can protect you.

Bottom Line

If you work for yourself, everything in your life depends on your ability to earn an income. Getting hurt or sick isn’t just a health issue - it’s a financial one too.

The smart move is to do something your competitors won’t. Protect yourself before something happens. Imagine having funds to pay your bills or hire some help while you recover from an accident or illness.

Let’s discuss Self-Employed Lifetime Compensation. It’s a smart safeguard for your business, your family, and your future. Click HERE to schedule a free consultation or call me at 416-788-4684. I’m happy to answer all of your questions.

Don't wait. You need this protection in place BEFORE you get injured. Once you're hurt, it's TOO LATE.

Talk soon,  

Richard FitzGerald

Licensed Insurance Agent

Accident and Sickness Insurance Specialist

FSRA License #25237685

416-788-4684

Richard@AccidentandSicknessInsurance.ca