Injuries happen, and sometimes they result in a lot more than simply having to take it easy for a few days. A serious injury can leave you unable to do the work you normally do, putting you at significant financial risk, especially if you run your own business. Here, we’re going to look at how you take care of your finances while taking care of yourself. After all, no-one needs that extra stress when they’re in recovery.
Show some flexibility in your work
Let’s start with the assumption that a long-term injury leaves you unable to do the work you were previously doing. Whether this is because your job is more physically demanding, requires you to travel, or is in any strenuous, it’s simply not an option. But are there other options out there? Work-at-home careers are becoming much more common and may be much less demanding, especially if you only take it on a part-time basis. Of course, if there are any concerns about your health or recovery regarding working from home, it’s best to err on the side of caution, so consult your doctor first.
Take advantage of schemes designed to help
There are already state schemes to help in the event of disability, to help you take care of your financial obligations. However, besides applying for just benefits, there may be others out there that can help you get back to work in some way or simply reduce your living costs. One instance is the Mercedes Motability scheme, which can help you make a car much more affordable and can even help you make the adjustments that you need to make to your vehicle so that it’s accessible to you. If an injury makes a permanent change in your life, funds to make parts of that life more accessible so you can live and work more independently can help you pick up the pieces and put yourself back together.
Put your protections in place
The best approach to a serious risk, such as short-term or long-term disability due to an accident or injury, is the proactive approach, not the reactive approach. It’s not often considered as important as other kinds of insurance, but income protection insurance can ensure that you are provided an income no matter what happens. Putting into it as soon as possible can help you see more of the benefits for longer if you do end up injured. This advice might not help those already injured, of course, but it’s essential for everyone to consider the potential risk and what they can do about it, as well.
If you’re the sole supporter of your family, if your income cannot be diminished, or if you work for yourself, it’s essential to be aware of the plans you need to take advantage of in the case that you are injured. From accidents to sudden back trouble, it’s a lot more common than you think and being unprepared for the costs can put you in real risk.