Unfortunately the majority of the working population has either experienced the uncertainty of redundancy, or witnessed the redundancy of friends and colleagues. The risk is unpleasant and very real, and for this reason an unemployment policy may be something you deem relevant to you.
Unemployment cover is a short term policy that intends to pay out a portion of your income on a monthly basis upon successful claim. The maximum period for the payment of the benefit is typically restricted to 1 year, which aims to give a sufficient amount of time for alternative employment to be found.
Cover is available for a number of employment types, including contract workers and the self-employed. Furthermore, policies exist that cover other involuntary unemployment events, such as leaving work to care for an immediate member of the family, or your employer temporarily reducing your contractual working hours with a commensurate pay reduction.
We do not charge a fee for our advice, and you can talk to us without a sense of pressure or obligation.
AS WITH ALL INSURANCE POLICIES, CONDITIONS AND EXCLUSIONS WILL APPLY.
The cost of this insurance depends on several factors, such as your age, where you live and your occupation. As a result, the cost you will pay is based on your own circumstances.
