Accident sickness and unemployment insurance, often referred to as ASU or Redundancy Insurance, this is a special type of insurance plan that pays out if you lose your income due to an accident, illness or redundancy.

There are a range of accident sickness and unemployment insurance options available. You can cover your self just for unemployment cover, just for accident or sickness cover or you can take out full cover for both. You can also cover yourself for up to either 12 months or 24 months of illness or unemployment.

If you are self-employed, the accident sickness and unemployment insurance income paid is normally calculated on the amount of your taxable income, or profits, during the 12 month period prior to you becoming unable to work.

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