Retrenchment Cover for Contracters

[Pho3nix]

Hi all,

Wondering if such a product exists. Know about "save 3 months" salary rule but looking for something to supplement such. Do you guys know of anything?

 

[TelkomUseless]

Yip.. there is retrenchment cover. Momentum had one If I remember correcly!

 

[supersunbird]

frank.net

dont know if its for contractors though

 

[Hosehead]

With the huge profit margins Contactors had it bloody good over the last few years, if they haven't shoved their rewards under their mattresses already I am almost 100% sure they are going to be SOL with respect to retrenchment cover.

 

[supersunbird]

With the huge profit margins Contactors had it bloody good over the last few years, if they haven't shoved their rewards under their mattresses already I am almost 100% sure they are going to be SOL with respect to retrenchment cover.

WTF? :erm: There are many levels of contractors... maybe you are thinking of consultants?

 

[SauRoNZA]

You should be able to get retrenchment cover from pretty much any insurance company (mine is with Old Mutual).

It might just be a little bit more expensive in premiums if you are a contractor, but technically even a permanent job is only a one month guarantee.

Unless you want cover for a job that you know is going to end at a given time as per contract, nobody is going to cover you for that because it's not a retrenchment.

 

[Pho3nix]

Thanks guys, will follow up and get this sorted

 

[DominionZA]

I went through this a few months back. My broker could not find me anything as you cannot get retrenched as a contractor. You also can't get covered for a contract coming to an end as it is so open to abuse.

If you do find something give feedback please. Currently I have a little over a month saved. Find it so hard to get to 3 months cause life keeps getting in the way.

 

[Hosehead]

WTF? :erm: There are many levels of contractors... maybe you are thinking of consultants?

Um. No. Ook fart. I was thinking Building Contractors.

 

[Hosehead]

I went through this a few months back. My broker could not find me anything as you cannot get retrenched as a contractor. You also can't get covered for a contract coming to an end as it is so open to abuse.

If you do find something give feedback please. Currently I have a little over a month saved. Find it so hard to get to 3 months cause life keeps getting in the way.

Hi MS! Hows the e-cig business? Are there more converts or did it get legislated out ?

 

[DominionZA]

Hi MS! Hows the e-cig business? Are there more converts or did it get legislated out ?

Still going strong
Not heard a thing again since the little article in The Beeld. Thankfully