Income Protection for Physiotherapists
As a physiotherapist your occupation is physically demanding requiring mobility, strength and extensive expertise to treat patients effectively. If an illness or injury prevents you from working income protection ensures you receive financial support to protect your lifestyle.
- Physical reliance: Your ability to assess and treat patients depends on your movement and strength and any injury or condition affecting mobility could significantly impact your career.
- Self employment or private practice: If you run your own clinic or work independently you will not be entitled to any sick pay benefits apart from the state benefit of circa €12,5000 per annum.
- HSE Employees: If you are a HSE employee you will only be entitled to sick pay of up to six months full pay and six months half pay. After that point you may have to retire early leaving you with minimalist income thereafter.
- Financial Security: If you become unable to work due to illness or injury, income protection can provide you with a regular income to help cover your living expenses and financial commitments. The state benefit is circa €12,500 pa.
- Long-Term Career: Physiotherapists often have long careers. Income protection can safeguard your income throughout your working life, providing peace of mind.
- Family and Dependents: If you have a family or dependents relying on your income, income protection can help ensure their financial stability in case you're unable to work.
Having income protection means if you suffer an injury, illness or require extensive time off work on health grounds you can focus on your recovery without financial stress. You can cover up to 75% of earnings paying you to age 65.
Why Do You Need Income Protection?
Your Expenses Don’t Stop
Your financial responsibilities continue. Income protection ensures you can meet your commitments.
State Benefits Not Enough
Government supports may not be sufficient to cover your professional and personal expenses.
Peace of Mind
Knowing that your financial future is secure allows you to focus on recovery without added stress.
"Dr Vladka was diagnosed with cancer in late 2012 and has undergone four extensive surgeries since. Unfortunately the treatments have resulted in a significant loss of arm/shoulder mobility, rendering her unable to work for the foreseeable future. Vladka’s Income Protection policy has provided her with a weekly income since her first diagnosis and will continue to do so as long as she is unable to work."
"When I applied for income protection in 2013, I was in perfect health. Then suddenly I found myself laid up with broken bones from a serious car accident. I had barely paid my first premium, but Omega honoured their word. I never had to worry about payment, and the claim form was simple and quick. It was one major headache I didn’t have to deal with. I would recommend every professional to seek income protection, because you never know what lies ahead."
"I like to keep fit and healthy and it is rare that I am unable to work due to illness. However in recent months I have claimed on two occasions for 2 days of lost income as a self employed business owner. The claims process was swift, DG kept me informed and the claim was paid within 7-10 days. Overall I have found the support provided by DG and Omega Financial to be excellent and would recommend highly."
"As a general dental practitioner who owns a mixed private/GMS practice I thought it was essential to have Day One income protection against a rainy day. Practices have so many hidden costs that a considerable down time would put real strain on the every day running of the practice so I felt Day One protection was essential. Covid-19 was one of those down times. Overnight the practice shut its doors and all sources of income were lost."
