Job loss insurance covers involuntary job loss
Job loss insurance covers the business manager in all cases of involuntary job loss, following:
Events concerning the executive director:
- Dismissal of the executive corporate officer.
- Non-renewal of the mandate pronounced against the executive corporate officer.
Events affecting the company by court order:
- Legal restructuring of the company.
- Judicial liquidation.
- Judgment stopping a plan of disposal.
Events affecting the company by amicable decision under economic constraint:
- Early dissolution.
- Merger absorption.
- Deep restructuring.
The state of unemployment is recognized in the event of legal loss of the corporate office or the status of company manager.
"Job loss insurance guarantees dismissal even when the corporate officer holds more than 10% of the share capital. "
"To benefit from unemployment benefit you do not have to be in a situation of suspension of payments (bankruptcy filing). The cessation of activity of the company, or its sale, decided amicably by the partners or by the sole individual entrepreneur, following the economic difficulties of the company, may give entitlement to unemployment benefits."