Redundancy Insurance

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Notice of Redundancy

When your employer makes you redundant, they must follow certain procedures. For example, they must give you notice of the redundancy. The minimum period of notice is:-

• one week if you have worked for your employer for one month but less than two years; or
• two weeks if you have worked for your employer for two whole years; and
• one additional week for each further whole year's employment up to a maximum of twelve weeks' notice in total

Your employment contract might say that you must be given more notice than this, but it can't be less. If there are a number of employees being made redundant, your employer has to follow special, additional procedures. If your employer doesn't follow the proper procedures, the dismissal may be unfair and you could get compensation.

No matter how much notice you get and how generous your Redundancy Pay is, it is seldom enough to ensure financial stability until new employment is obtained. This is where Redundancy Insurance is important. Getting Redundancy Protection from an independent broker such as UKinsuranceNET guarantees that you will receive truly impartial advice pertaining to your own individual circumstances.

UKinsuranceNET Accident, Sickness & Redundancy Insurance policies can be tailored to suit your individual needs. Simply click for a quote. Alternatively speak to one of our highly experienced consultants today on 0845 365 1264 or fill out our online quote request form and one of our advisors will contact you.