Accident sickness and unemployment insurance
What is accident sickness unemployment protection?
Accident sickness and unemployment insurance (ASU) is a type of income protection insurance that pays a tax-free proportion of your salary, if you have an accident, fall ill, or are made redundant. The money can be spent on anything you wish and is intended to give you the respite you will need, whilst you get back on track.
As with all insurance, it is important to ensure that you have the right level of cover for you. When you choose us to help you arrange your accident sickness unemployment protection, our insurance brokers will take the time to understand what matters most, and then tailor your cover to suit both your needs and budget. They will also manage the entire application process at no cost to you, so get in touch to book your free consultation today!
Do I need accident sickness and unemployment insurance?
Whilst ASU insurance will provide many people with the essential short-term cover they need, you may already be happy with the sick pay your employer provides. In which case, unemployment insurance would likely be more suitable. Similarly, if you own your own business you cannot make yourself redundant. But, if you find that you are unable to work due to an illness or injury, accident and sickness insurance for self employed, could provide you with some essential breathing space.
To prevent fraudulent claims, most ASU providers will have a short waiting period where you will be unable to make a claim. If you have recently started a new job, are at imminent risk of losing your job or have any existing medical conditions, you will likely struggle to get accident sickness and unemployment insurance. You will likely also be unable to make a claim if you are off work due to stress or back pain.