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Wage Insurance?

  • 06-01-2011 11:59am
    #1
    Bill-e
    Registered Users, Registered Users 2 Posts: 986 ✭✭✭


    Hi,

    I'm looking into getting insurance in the event of my company going belly up this year.

    Is this still available? Who does it?
    I would imagine it would cost an arm and a leg in the current climate...


Comments

  • #2
    Kennie1
    Registered Users, Registered Users 2 Posts: 302 ✭✭Kennie1


    Bill-e wrote: »
    Hi,

    I'm looking into getting insurance in the event of my company going belly up this year.

    Is this still available? Who does it?
    I would imagine it would cost an arm and a leg in the current climate...
    There is a couple of companies doing this at the moment but a lot of brokers have stopped selling it as the "cost v benefit return" is not great and they were getting a lot of complaints from their clients about claim refusals also worth noting that the financial regulaor investagated some ofthese companies back in 2009 and found that they were in their rights to refuse claims but did criticise the way info was given to clients IMO it is a waste of money but that's my personal view but I am sure there is lots of people that would argue that point with me! As previous poster stated read the T&C before you commit


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