Redundancy Cover

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Redundancy Cover

September is the month most often chosen by employers to implement redundancy programmes. Employees are relatively secure during the August summer holiday period, and in December, on the run up to Christmas. Once they return however, the threat of redundancy is at its highest.

Redundancy is often a cruel and unexpected blow and it seems clear that employers don't wish to convey the news during the traditional holiday periods. Some employees will have been grateful for the break before the news hit, others will wonder, perhaps with some justification, why they couldn't have been told before the expense of holidays and Christmas was incurred.

Anyone who has ever been made redundant, or lived with the threat of redundancy, knows how confusing, demoralising and vulnerable it can make you feel. Friends and relatives can provide sympathy and support but often cannot help financially.

Questions people ask include:-

• Will I receive a redundancy payment?
• What are the payments?
• When will my redundancy payment become due?
• What does a week's pay mean?
• Do I need to make a claim for a payment?
• Is statutory redundancy pay taxable?

The bottom line is that no matter how generous your Redundancy Pay is, it is seldom enough to ensure financial stability until new employment is obtained. This is where Redundancy Insurance comes in. 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.