Redundancy cover - or ASU insurance as it is commonly sold under - is a type of insurance taken out to cover your essential outgoings in case you should find yourself out of work due to accident, sickness or unemployment. Cover can be taken to guard against coming out of work through unemployment only, accident and sickness only or for all three.



If you were made redundant and have such as loan repayments or a mortgage and other essential outgoings then you could be left struggling and any redundancy money you might have acquired would be quickly depleted. However with redundancy cover you would have the peace of mind that if you were out of work for 30 days or more than most redundancy cover policies would give you an income with which to carry on repaying your essential monthly commitments. The majority of policies last for 12 months and with some providers for up to 24 months and this is more than enough time for you to get back on your feet and back to work.

Redundancy cover can be taken out in the form of income payment protection, mortgage payment protection or loan payment protection insurance All policies do however have exclusions within them that mean you might not be able to make a claim so always read the small print of a policy before purchasing the cover.

The best way to get redundancy cover is to shop around for the cheapest quote and providing a policy meets your needs, it can be an invaluable safety net on which to fall.