Redundancy Insurance

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Redundancy Pay

A redundancy situation may arise where a business continues to operate but there is no longer a need for the skills for which the employee was taken on. For example, a person employed as a skilled metalworker to help make racing cars was made redundant when the employer changed the business to cars made from carbon fibre. The employer was still in the business of racing cars, but he no longer needed the skills of a metalworker as the carbon fibre was moulded.

Redundancy is a form of dismissal. Therefore, in order to claim redundancy, you must normally have been dismissed from your job. You must have been dismissed because you are genuinely redundant, otherwise you will have been unfairly dismissed.

Also, when your employer carries out redundancies, they must not discriminate against older or younger employees. This would be age discrimination. However, they are allowed to choose you for Redundancy based on how long you've been working for them.Quite often redundancy pay is quickly used up leaving you short of funds to support yourself and your family and to meet your commitments such as your mortgage repayments. Accident Sickness & Redundancy Insurance can protect you from this problem and give you peace of mind in case the worst should happen.

UKinsuranceNET mortgage Redundancy Insurance 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.