What is Redundancy Insurance?

Also known as Loss of Job Insurance. If you are made redundant (involuntarily), redundancy Insurance will start paying you a monthly amount 30 days after your redundancy. Redundancy Insurance will continue to pay you every month for up to 6 months while you look for another job. When you are getting paid by your Redundancy Insurance you can use the money to pay your rent or mortgage, your bills, or for anything you want.

The days of having job security are all but gone. Do you think anyone can consider their jobs “safe” in the current employment environment, unemployment is the highest it’s been in years and many employees are being made redundant when they thought that their job was safe.