In the unpredictable world of self-employment, securing your financial stability is paramount. The realm of entrepreneurship is filled with exhilarating opportunities and daunting uncertainties. In this article, we will explore the indispensable advantages of income insurance for self-employed professionals.
Understanding Income Insurance
Before delving into the merits of income insurance, let’s clarify what it entails. Income insurance, often known as income protection or disability insurance, is a vital financial safety net for those who are self-employed. This insurance safeguards your income in the event of unforeseen circumstances that prevent you from working and earning a living.