Over one-fifth or 22 per cent say they were not paid by their employer during these periods of unplanned leave, according to MetLife UK.
Over 500,000 workplace injuries were recorded last year and according to new data, 11 per cent of people had to take a full month off work owing to an accident-related injury, while 24 per cent took one to three weeks.
Meanwhile, 20 per cent received half remuneration for their time off, while only 15 per cent were paid.
MetLife UK’s survey also asked respondents to consider further financial support in these circumstances, with 13 per cent saying they would rely on savings and 11 per cent cutting back on expenditure to cover costs.
Around nine per cent would use credit cards or overdrafts, 9 per cent would borrow from their parents, 8 per cent would rely on their partner’s overtime, and 8 per cent would miss bill payments. Despite these necessities, only 7 per cent have accident and illness insurance, and 6 per cent have income protection.
According to MetLife UK research, 35 per cent of advisers say clients only seek financial protection after an accident, and 25 per cent believe clients are confused about protection alternatives. MetLife UK’s EverydayProtect provides financial help for accidents and injuries starting at £10 per month, with adjustable coverage.Rich
MetLife UK head of individual protection Rich Horner says: “Accidents happen and they’re common, but our research shows us that we’re not always prepared for when it happens. Although it’s hugely positive that 62 per cent of people have a form of financial protection i.e. life insurance, people aren’t protecting their lives for the now, for today’s moments.
“For example, if they have a fall and break a bone, or hurt themselves playing sport or simply having an accident whilst taking their child to the park. We want people to feel confident to live their lives for the now and say yes to the everyday without the financial stress and worry should they have an accident.
“At MetLife, we’re committed to supporting people for when disaster strikes and those impacted can fully focus on making a swift recovery. That’s why we offer EverydayProtect, which provides affordable financial support 24/7 worldwide and covers a range of injuries from broken bones to those that could have a significant impact on people’s lives.”
