For freelancers, financial protection in case of illness represents a crucial challenge. Unlike employees, they are not legally entitled to sick pay or continued wage compensation. Here, a well-designed combination of different insurances can not only compensate for loss of income but also protect financial existence.
Comprehensive protection begins with health insurance. Freelancers can choose between public health insurance (GKV) or private health insurance (PKV). The GKV allows for voluntary membership, with a contribution rate of about 14.6% of income if one wishes to receive sick pay. On the other hand, the PKV often offers a wide range of benefits but is more expensive, and contribution costs can vary depending on age and health status.
Protection is further supplemented by daily sickness insurance, which provides financial protection when freelancers are temporarily unable to work due to illness or accident. Here, the amount of daily allowance can be individually determined, offering flexibility in insurance protection. With costs ranging around 30-40 euros per month, this is a relatively affordable option.
Another essential component in the insurance mix is the professional disability insurance (BU). This pays a regular pension in the case of permanent professional disability. For about 130 euros per month, depending on the provider and terms, it ensures the standard of living when returning to work is no longer possible. Professional disability insurance can ideally be combined with daily sickness insurance: while the latter covers short-term income loss, the BU offers long-term protection.
The portfolio is completed by accident insurance, which intervenes in the case of serious accidents and provides financial support in the event of permanent disability. This can be paid simultaneously with the BU, as it provides lump-sum benefits in the form of capital payments or annuities. Monthly costs amount to around 20 euros. Together with daily sickness insurance, accident insurance ensures financial security in both short and long absences.
Finally, private pension insurance can offer additional protection, especially in retirement planning, and can be adapted to individual needs. Freelancers have the option to voluntarily contribute to the public pension system or use private solutions.
Timely and accurate planning of the combination of these insurances ensures not only comprehensive protection against income loss in case of illness but also a safe foundation for existence. Freelancers should not hesitate to receive comprehensive advice and customize insurance products to their individual needs. Only in this way can they avoid the risk of financial ruin and preserve their entrepreneurial freedom.