Best Insurance has reintroduced its standalone unemployment insurance policy, with 6-month and 12-month benefit options.
The offering will be available to brokers via the Best Insurance portal.
For the past five years – following its removal as a standalone product during the Covid-19 pandemic – unemployment insurance has only been available as part of wider Accident, Sickness & Unemployment (ASU) policy.
Ian Sawyer, commercial director at adviser Howden Life & Health, said: “We continue to see strong demand for income protection and unemployment cover as people look for ways to safeguard their finances in an uncertain job market.
“A 13% rise in company insolvencies in England and Wales, combined with increasing employer National Insurance costs, is not only limiting job opportunities but also suppressing business expansion.
“With fewer jobs in circulation, those facing redundancy are finding it takes longer to secure new employment, making the financial impact of an income shock more severe.
“So we welcome the new standalone Unemployment Cover options launched by Best Insurance. The key is understanding what protection is available and ensuring it aligns with personal circumstances—so financial stability isn’t left to chance.”
Kesh Thukaram, co-founder at Best Insurance, said: “Research from the FCA suggests that 30% of UK adults have no savings, and with unemployment levels on the rise, financial protection to cover job loss is more critical than ever.
“Our standalone Unemployment Insurance provides policyholders with tax-free monthly payments if they lose their job through no fault of their own. This support helps ease financial worries, allowing them to focus on what truly matters—finding the right job.
“With an unemployment protection policy, essential expenses like mortgage or rent payments, energy bills, loan repayments, and even groceries are covered, offering peace of mind during difficult times.”
