When you sustain an injury, you may have some major concerns. These concerns could relate to your health and your prospects, but you may also be concerned about your family. An injury may mean you aren’t able to work, which could mean your family isn’t getting the income they need on a day-to-day basis. For situations like this, we have compiled some tips that could help you keep your family financially secure.
Take Out Specific Insurance
There are specific insurance schemes that exist to help support family members following an injury of some kind. For example, you will have life, critical illness, and income protection insurance.
These types of insurance all operate differently but have the same goals. Help your family have the money they need. Income protection insurance, for example, helps provide you with a regular income if you are unable to work due to serious injury or illness.
Critical illness insurance works in a similar way. This is usually added as an extension of a life insurance policy and helps protect your and your family’s interests against the financial impact or specific critical illnesses. This can help you all in the case of a critical condition.
Look Into Potential Compensation
It will be in your best interest to try and seek compensation following an injury. This will certainly be the case if you believe you were injured at work and the fault wasn’t fully yours. Work accident compensation can help cover you for a loss of earnings and ensure that your workplace takes action to prevent this sort of thing from happening again.
For any accident at work claims, you should work with experienced experts, such as PSR Solicitors. They give you direct access to your solicitor and are work injury claims specialists. They offer a ‘No Win, No Fee’ solution that ensures you won’t go out of pocket if unsuccessful. If successful, you can help provide financial security to your family and get the compensation you deserve.
There may also be compensation opportunities away from your work, depending on where you got injured. For example, if you got injured at a theme park or somewhere you went as a customer, there could be enough for you to claim. At the very least, it is worth looking into for yourself and your family.
Government And Work Support Schemes
There are also specific government and potential work support schemes that you could sign up for to help financially support you in the short term and the long term. In terms of any government schemes, this may come through statutory sick pay. This is a type of income you will receive if you are unable to work due to your injury.
You will be able to claim statutory sick pay for up to 28 weeks. While this is a government-supported scheme, your employer will usually pay for it. For you to be able to qualify for statutory sick pay, there will be specific requirements you need to meet. You can find the eligibility criteria online, allowing you to find everything you need to know.
The amount you receive from these schemes can vary, but they can give you and your family the financial security you all need. Speak to your employer to find out what options are available and how you can get back on track.
Author: Mandy Kloppers
Mandy is a qualified therapist who treats depression, anxiety, OCD, PTSD, trauma, and many other types of mental health issues. She provides online therapy around the world for those needing support and also provides relationship counselling.
