Redundancy Insurance

Redundancy insurance is an essential financial product in the wake of the economic downturn and its widespread impact on the availability of jobs and the number of people out of work.

Being made redundant is a life changing event which most of the time, has nothing to do with a worker's competence at their role. Most redundancies are made due to financial issues at a firm which are the result of other influences, and so redundancy insurance is vital to protect against the devastating impact of being out of work.

Here at New City Compare, we offer a range of redundancy insurance cover deals which can help people protect themselves against the loss of a monthly or weekly wage. Losing pay can be an immediate problem for those with rent to pay, mortgages in their name or credit card debt, not to mention the day to day cost of living to pay for.

Redundancy insurance can help to cushion the blow of being pushed out of work and can help people cope with the cost on life until they find a new role.

Here at New City Compare, we offer redundancy insurance which can cover up to 90% of your net salary, up to a maximum value of £3,000 per month. For many, redundancy insurance is a vital lifeline when they are made redundant and by investing in redundancy insurance, people can reduce their need to rely on savings accounts should they lose their income.

Redundancy insurance offers are available in a range of timeframes, but for the best protection in a tumultuous jobs market, a longer redundancy insurance deal might be wise. A redundancy insurance deal covering an 18 month period is a great choice, and can give the unemployed the time they need to get back into a role.

We cover anyone aged between 18 and 62, who works in permanent employment of at least 16 hours a week. To be eligible for redundancy insurance cover, an employee must not be aware of any impending unemployment announcements at their place of work.

If you are concerned that losing your job could have a severe impact on your life, get in touch with us today to arrange redundancy insurance.





Redundancy insurance is crucial in this day and age - the recession has made sure that we need to protect our assets. So visit www.newcitycompare.com for the best redundancy insurance available!