Broker Goodfellows is offering workers protection against the risks of redundancy with its new policy redundancysafe.
The policy provides tax-free protection up to a maximum of £60,000 and includes cover for living and miscellaneous expenses.
Redundancysafe, which is underwritten at Lloyd's, is not tied to mortgages or other loans, which Goodfellows believes makes it unusual.
Managing director Simon Burgess commented: "With changing work patterns and turmoil in the financial markets, there is no such thing as a job for life and unemployment protection is an essential purchase for the vast majority of working people."
The policy is available online at www.redundancysafe.co.uk.
