It’s a fact that as technology improves efficiencies in the workplace, more and more people’s jobs are becoming obsolete. Businesses are also down-sizing and outsourcing, which means that many more people are suffering the reality of retrenchment.
It’s incredibly stressful to not know where your next salary is coming from, which is why the Retrenchment protector will help to remove that financial pressure while you go out and find new employment. It will help you stave off financial losses as a direct result of retrenchment, but you need to have been employed by the same employer for at least two years or more in order to claim.
This does not cover people who are self-employed, contractors, and company directors; as well as people who may be aware that their employment is under threat. Valid claims will provide claim payments for up to 6 months or until you are employed again.
If you have any questions, please complete the contact form with your details and we’ll call you.