When you’re self-employed, serving on a jury can mean losing income. That’s why IPSE compensates members for loss of income due to getting called up for jury service.
What is it?
Sadly, businesses can fall on hard times and be forced to shut their doors. In the event that the business going bankrupt or into administration happens to be your umbrella company, your outstanding payment from them will likely not get paid.
It isn’t fair, and not receiving the payment you’re owed can have serious consequences for you and your business.
That’s why we provide IPSE Umbrella members with up to £3,000 if your umbrella company goes bankrupt or into administration.
How does it work?
To claim for this benefit, you will need to fill out a claim form found on your member dashboard. The claim form will ask you to provide details on the situation, including proof that you have made an attempt to recoup the loss already from the owing umbrella. Once your claim has been approved by Markel, you will have two options for recouping the outstanding payment:
Option 1: Markel will take on the debt and pay you the amount you’re owed, minus a £250 fee
Option 2: You can wait for the administration to be complete and get the full value of your claim
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