ASU Insurance for Contractor?

[emicen]

As per title, who offers competitive rates on ASU policies that would offer some form of protection to a contractor should their contract be ended abruptly.

Is there such a thing? I've always been under the impression we wouldnt get unemployment cover as we werent being made unemployed, our business was just losing it's contract and unless we folded our own company, we werent being made unemployed?

[scotal]

You are employed via a separate company??

ie your own firm employs you and is contracted to the firm you're working for?

Edited by scotal on Friday 28th November 15:51

[deckster]

Broadly the OP is correct. As we are employed by our own Ltds we are not technically made redundant by a contract being terminated early. I am certainly not aware of any insurance that covers this kind of thing, it's always just been one part of the risk/reward equation that you've got to balance up when going contracting.

[scotal]

I know an insurer who will provide cover, assuming all constraints are met.

[emicen]

scotal said:

You are employed via a separate company??

ie your own firm employs you and is contracted to the firm you're working for?

Thats right.

scotal said:

I know an insurer who will provide cover, assuming all constraints are met.

I'd be interested to know what cover they offer scotal. I'm trying to get an idea of cost & cover limitations to weigh up whether its justified taking it out.

[scotal]

Emicen, YHM