When you work for a mainstream corporation or even a small, local business, chances are, you have acquired sick days that protect you from losing wages and job stability over ailments in the future. Unfortunately, individuals who are self-employed do not have the ability to take sick days at all. This is why it is important to invest in options such as critical illness insurance in order to protect yourself in times where you cannot rely on company sick days.
- Having paid sick days when you’re a small or micro business owners can be difficult.
- One option is to have a small insurance policy to cover costs if you have a sudden and prolonged illness.
- Another option is to put away some money every month as a kind of fund to cover the bases when sickness strikes.
“When you’re self-employed, taking a sickie is just about impossible if you haven’t planned for those days when you simply can’t work.”