Freelancing is a huge part of my life, as I know it is with a great many others in my social circle; and seemingly the most popular way to earn a few extra dollars. If you work in television production, food delivery, IT or writing, this is especially true, although the “gig economy” affects a great many other sectors. I can only speak from experience.
You’re never sure where your next paycheck is going to come from. As soon as you send in your invoice and get paid, it seems like it’s all gone out to pay bills. It worries me that, if I ever got sick or injured or had my laptop stolen, I wouldn’t be able to pay the bills at all. While the ‘gig economy’ is popular at the moment, with Uber and Deliveroo dominating our social media feeds, it pays to understand how we can both enjoy the flexibility of the gig economy but also ensure we see the benefits of traditional employment.
That’s why insurance is so important. If anything should happen to you, or your property, insurance can be there to cushion the fall. If you remembered to make your payments on time.
I know a lot of my friends, who work gigs as well, don’t have insurance because they think they don’t need it. The biggest barrier for many navigating the gig economy is what we are actually entitled to, and what we are not. For example, a freelancer generally has to work at minimum 20 hours a week before they can be eligible for income protection insurance. I have always worked more than this, and never realized I fell into this category. Finding the right insurance, though, can be a nightmare. Navigating the landscape can seem like something impossible to do.
That’s where Lifebroker comes in.
Whether you’re looking for life insurance, income protection, business expenses, total and permanent disability cover, or trauma cover, they can help you compare a wide variety of options.
They have 8 of Australia’s leading insurers you can choose from including TAL, MLC, and AMP. Depending on what you need, and how much you can afford, they can point you in the right direction. They even have great life insurance calculator, as well as an income protection calculator, to help you figure out how much cover you may need. It’s easy to use, and you can compare policies in detail, or simply by price. Compare income protection policies, and see what’s available out there.
If, after all that, you’re still not sure what to do, you can call them on 13 54 33 to speak to an insurance specialist. Or, of course, you can email them using their online form.
Sure, I love the flexibility and excitement of the gig economy. I love not knowing where I may end up working next week; but I don’t love not knowing how I will pay my rent should I unfortunately get ill or injured and cannot work. Fortunately, the ease of Lifebroker’s digital platform allowed me to understand what is available to me and most importantly, and easy want to access it. As someone who loves having options, I am glad that companies like Lifebroker provide options to those of us navigating the gig economy.
Lifebroker only provides general advice, which means they haven’t considered your individual financial situation, objectives or needs. You should read the relevant Product Disclosure Statement to understand if the product is right for your financial situation or needs.