Redundancy Insurance

Find the best unemployment insurance by comparing our panel of specialist ASU providers.
	British Insurance offer income, payment & mortgage protection insurance with up to 12 months benefit and a choice of excess periods
	Want to cover payments to your Mortgage, Rent, Loans, Credit Cards - or just a percentage of income? Short Term Income Protection covers them all. Redundancy only cover from £3.00, and you'll be on cover within the hour.
	I Protect Insurance offer mortgage & redundancy insurance plans from only £10 per month. Their plans are designed to pay mortgage, rent and other regular commitments.
	Help U Cover Offer a choice of plans to protect your income or your mortgage payments and your income.
	Protection UK NET, Have been arranging PPI plans to customers all over the UK for more than 30 years. They endeavour to offer excellent value in all of the insurance policies they offer.
	Columbus MPPI provde cover should you be unable to make your mortgage payments as a direct result of the insured perils such as accident, sickness & unemployment
	If you cant work or are made redundant the GET MY Mortgage Proection plan can take the strain. Their plans not only offer cover for your outgoings but also help in getting back to work
	Lexelle are proud to offer comprehensive coverage with value for money premiums and plans that are as individual as their customers

Voluntary Redundancy

When an employer needs to shed part of the workforce non-compulsory selection of those to be dismissed could be by voluntary redundancy. This is a much more expensive method for the employer because employees with many years of service may be attracted to higher redundancy settlements. It is not uncommon for employers to offer higher redundancy payments for volunteers as an incentive for staff to leave.

The problem with this method, from the employer's perspective is that it may result in a disparity in the skills and experience of the remaining and in turn affect the productivity of the company. Because of this many redundancy agreements give the employer the right to decide upon who should be allowed to take voluntary redundancy and those who should not. Because of this it is not at all certain that an employee who applies for voluntary will be accepted for it.

The employee should also consider whether a failed application would affect future career prospects.

Despite the agreements and payments, redundancy can be financially crippling for those whom it affects. It is therefore wise to obtain Redundancy Protection in the form of Redundancy Insurance Cover now and not wait until it will be too late!

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 0844 875 55 33 or fill out our online quote request form and one of our advisors will contact you.