Redundancy cover (or unemployment cover), is designed a short-term income protection policy, protecting you for up to 12 months should you become unable to work through involuntary redundancy.
You can use this to protect your income, allowing you to repay things like mortgages. Loans and bills etc.
Some providers also offer the facility to protect your income in the short term through accident and sickness too.
Is This Cover Right For Me?
Redundancy does not suit everybody. If redundancies at your company have already been initiated, or even just rumoured, a provider is not likely to pay out. The same usually applies if you take voluntary redundancy.