Compare Redundancy Insurance
Protect your income from unexpected job loss and secure peace of mind in minutes.
Redundancy Cover from £2/month
- Benefit length options6 or 12 months
- Qualifying periods60, 90 or 120 days
- FCA regulatedAuthorised comparison
- No obligation quotesFree & fast
How redundancy insurance works
A simple safety net to keep essentials paid while you look for a new role.
Take out a policy
Choose your monthly benefit and add-ons while you’re still in steady employment.
Serve the qualifying period
Policies usually exclude redundancies announced in the first ~90 days.
Claim if you’re involuntarily redundant
Send redundancy paperwork, payslips and other evidence so the insurer can assess your claim.
Receive monthly payments
Benefits pay out for up to 12 months (or your chosen limit) while you hunt for a new job.
Waiting period options
Pick a qualifying period that reflects your emergency savings.
60 days
Fastest typical option. Ideal if you need the benefit to start quickly after redundancy.
90 days
Balanced midpoint that keeps premiums manageable and still starts within three months.
120 days
Lowest premium. Works if you can lean on savings/statutory payments before benefits begin.
Who it’s for
Employees who want breathing space while they secure their next job.
Households with fixed outgoings
- Keep rent or mortgage, utilities and childcare covered while you job hunt.
- Avoid draining savings or missing credit commitments.
Employees in at-risk sectors
- Add a buffer where restructures or downsizing are more common.
- Match the benefit period to how long you typically take to find the right role.
What affects the price?
Premiums vary based on your cover choices and employment profile.
Monthly benefit
Larger payouts (up to £2,500) raise the premium but cover more of your bills.
Benefit period
Policies that pay 12 months cost more than six-month versions.
Qualifying period
The longer your waiting period, the lower the premium.
Role & sector
Job stability, tenure and industry risk affect provider appetite and pricing.
Add-on cover
Bundling accident & sickness protection increases cost but broadens protection.
Frequently asked questions
What is redundancy insurance and how does it work?
Redundancy insurance pays a monthly benefit for a set period if you lose your job through no fault of your own. Choose the payout and benefit length, serve the qualifying period, and once a claim is approved the policy pays each month until you’re back in work or reach the limit.
Who is eligible and what’s excluded?
Most providers require you to be on a permanent contract, working a minimum number of hours, and not under notice of redundancy when you apply. Voluntary redundancy, resignation, misconduct and retirement are usually excluded.
What waiting period should I choose?
Typical options are 60, 90 or 120 days.
- Shorter waits pay sooner but cost more.
- Longer waits lower the monthly price if you have savings or enhanced benefits.
How long will it pay out?
Most policies pay for up to 12 months per claim, though six-month versions are available. Choose a length that matches your savings and typical time-to-hire.
What does it cover?
It’s designed to help with core bills such as rent or mortgage, utilities, childcare and day-to-day essentials while you look for new work. Always review the policy terms for limits and exclusions.
Does redundancy insurance cover voluntary redundancy?
No. Policies only cover involuntary redundancy — situations where your employer lets you go through no fault of your own. Voluntary redundancy, resignation and misconduct are excluded.
Can I buy cover if redundancy has been announced?
No. You must not be under notice of redundancy when you apply. Insurers exclude known or expected redundancies during the qualifying period.