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PPI CLAIMS DEADLINE - 29th Aug 2019


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PPI Claims for Self-Employed


One of the reasons PPI claims are rejected is because the policyholder was self-employed at the time of taking out the policy and had taken out a business loan, personal loan, credit card or mortgage. In such instances there is a high probability that the PPI was mis-sold.

What does it mean to be self-employed?

You are self-employed if any of the following apply:

  • The business is run for yourself and you take responsibility for its success or failure;
  • You have several customers at the same time;
  • You decide how, where and when you work;
  • You hire other people at your own expense to help you or to do the work for you;
  • You provide any equipment to do the work;
  • You are responsible for finishing any unsatisfactory work in your own time;
  • You charge an agreed fixed price for your work; or
  • You sell goods or services to make a profit (this includes through websites or apps).

Bear in mind that you can be employed and self-employed at the same time. This would occur if, for example you work for an employer during the day, then in the evening you run your own business.

How does the PPI scandal affect the self-employed?

There are many victims of the PPI mis-selling scandal and the self-employed were greatly affected. PPI policies were sold as a way of protecting the policyholder from the risk of losing their job. Many people who were self-employed were sold the product, even though the terms of the policy often excluded the self-employed from being covered, rendering the policy worthless.

Were you self-employed when you bought PPI? If so, carefully check the wording of the policy. If it has a clause saying you will be covered if you become unemployed, you may have grounds for reclaiming your premiums.

If you find that you have a policy that does cover you as being self-employed it may not pay out straight away. There could be limitations in place where they will not cover the first month of incapacity and could be limited to only 12 months, leaving you not fully protected in some circumstances.

You also have grounds to claim if you were not asked about your employment status or if the cover was added without you knowing about it.

The following circumstances may give rise to making a claim although they are not directly linked to being self-employed:

  • Medical conditions – if you had a pre-existing medical condition at the time of taking out the policy that you were not asked about or was ignored;
  • Misinformation – you were told, or it was inferred the PPI was compulsory, or your credit application would be denied without it.
  • Time periods – the term of the PPI policy did not run for the length of the loan.

There are other factors which may also give rise to a claim for mis-sold PPI.

Furthermore, if you become sick or suffer from an injury and are self-employed, you may be entitled to certain benefits to top up or replace your earnings from being self-employed. Please seek further advice regarding this.


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PPI Claims for Deceased Persons

Deceased Persons

If a PPI policyholder is deceased, any money owed to them becomes part of their estate, so whoever inherits the estate is entitled to make a PPI reclaim. This can be done by an executor or the person appointed to carry out their wishes after death. We automatically assume that reclaiming mis-sold Payment Protection Insurance (PPI) for deceased parents and grandparents may not be possible due to the passage of time.

However, the truth of the matter is it is quite straight forward to make a successful claim for mis-sold PPI for someone who is deceased.

To reclaim mis-sold PPI start with a FREE PPI check** with us today.

Armed Forces Personnel & PPI

Armed Forces PPI

Armed forces personnel have cover for sickness, accident & unemployment built into their salaries. This protection means that if a member of the armed forces was unable to work due to one of these reasons, they would still be able to meet any mortgage, loan or credit card repayments they had. So any PPI insurance policies would NOT have been appropriate. To find out if you can reclaim for mis-sold PPI, start a FREE PPI check** with us today.

UK Expats & Non-British Nationals

Expat PPI Claim

Did you have a loan, credit card or mortgage in the UK between 1988 and 2014? As a British Expat or Non-UK National who has lived in the UK for a long period, it is likely that finances were arranged while you were a resident in Britain. This may include loans, mortgages or credit cards and, even though you are no longer living in the country you can still claim mis-sold PPI. You could be eligible to claim for mis-sold PPI!

Public Sector Workers PPI Claim

Public Sector PPI

For many public sector workers, the Payment Protection Insurance (PPI) they were sold was useless. However, for some of these workers it would not have been useless, depending on the policy type and cover it provided them with.

If you had PPI and it provided you with extra cover that hadn’t been included in your employment contract, then it may have been useful for you.

PPI Claims for Self Employed

Were You Self-Employed and Sold PPI?

PPI was often mis-sold to people who were self-employed, as the policy didn’t cover them if they needed to make a claim.

So if you have had a loan, credit card, mortgage, store card or catalogue account you may have been sold PPI

Let us check if you have PPI to reclaim

Start a Free PPI Check Today**

Business PPI Check and Claims

Business PPI Claims - Mis-sold Payment Protection Insurance

Business PPI - Like most consumer PPI policies, business PPI also know as commercial PPI was sold alongside secured and unsecured loans, overdrafts, credit cards and mortgages. Business Loan Repayment Insurance is a type of insurance policy sold alongside commercial loans, including Fixed Rate Loans, Variable Rate Loans and Treasury Loans. If you had a commercial or business loan between 1988 and 2014 you may be eligible for a PPI refund. Start a Free Business PPI Check and find out if you have mis-sold PPI to reclaim.