Could you tell me the position if the employing company goes bust I note that the terms and conditions refer to layoffs/mergers and so on but there is no reference to cover if the employer goes under completely?

Q: Could you tell me the position if the employing company goes bust I note that the terms and conditions refer to layoffs/mergers and so on but there is no reference to cover if the employer goes under completely? I do not consider this is likely to happen but I would like to ascertain the limits of the cover before committing to it.

A: A claim on the unemployment part of the policy is made when you lose your job though no fault of your own, so enforced redundancy. If your employer went bankrupt you would be covered as you lost your job through no fault of your own.

This entry was posted in Insurance Answers and tagged . Bookmark the permalink.

Leave a Reply

Your email address will not be published. Required fields are marked *