While not many of us like to think of the worst case scenario, it does pay to give it some consideration. After all, as the old saying goes, nothing is certain in life except death and taxes. So unless you can honestly say that you know your job is 100% safe, then you should think about taking out redundancy cover.



Redundancy cover will pay out if you should become out of work due to having an accident, long term sickness or be made redundant, the cover will provide an income for a period of time which is usually up to 12-24 months and will give you enough time to recuperate or find another job.

Of course when thinking of taking out the cover you will of course want to get the best protection possible for the lowest premium and you can get cheap redundancy cover by shopping around and going with an independent provider. A specialist provider can give you a realistic quote on your premium while at the same time giving you sound advice on the subject of redundancy cover.

The majority of redundancy cover policies are purchased alongside a credit card or loan at the time of taking out the loan from the high street lender or bank. Taking your cover this way however is the probably the dearest way of protecting yourself as the media so regularly highlights. The best way of getting the protection you need while getting a low cost quote for redundancy cover is to shop around and go with an independent specialist provider. A reputable specialist will undoubtedly be able to provide you with a far superior product than the high street lender can along with offering you advice if you are not sure of your needs.

Understanding what the product provides protection for is essential as many times there are certain conditions outlined in the policy that are excluded which means that you might not be able to make a claim if the worst comes to the worst.