Name: Unemployment Insurance
Rating: 4.9 (20982 reviews)

Compare the best plans and rates for Unemployment Insurance in Thailand with us.

What is Unemployment Insurance ?

Ensure financial protection in the event of job loss or reduced work hours.

Unemployment Insurance is an insurance policy that provides financial protection to employees who are terminated without cause or laid off due to the employer's business closing. The insurance policy compensates employees in accordance with labor laws governing employee protection. This insurance coverage helps employees with financial assistance during their period of unemployment, allowing them to maintain their standard of living while looking for a new job.

Unemployment Insurance policies typically cover a percentage of an employee's wages for a set period of time. The amount of pay is determined by factors such as the employee's previous earnings, length of service, and the reason for termination. The goal of this insurance is to provide employees with a safety net in the event of an unexpected job loss.

In addition to the financial benefits, Unemployment Insurance provides employees with a sense of security and peace of mind nowing they have this coverage in place can reduce stress and anxiety associated with job loss. Furthermore, the insurance policy can incentivize employers to terminate employees fairly and justly, lowering the likelihood of wrongful termination lawsuits.

In conclusion, Unemployment Insurance is critical protection for employees who lose their jobs through no fault of their own. This coverage offers financial assistance during a difficult time while also encouraging fair employment practices.

Who should buy Unemployment Insurance ?

Unemployment Insurance is suitable employee that work in businesses that have high turnover rates or are seasonal in nature, such as :

Retail stores
Restaurants
Amusement parks
Hospitality businesses
Seasonal businesses

Unemployment Insurance is something to consider for employee looking to protect themselves from the financial consequences of unemployment.

What does a Unemployment Insurance policy cover ?

Unemployment Insurance policies provide individuals with temporary financial assistance who have lost their jobs through no fault of their own or due to the closure of the employer's business. The policyholder must first be compensated in accordance with labor laws (พ.ร.บ. คุ้มครองแรงงาน). The employee must have worked for the company for at least 180 days as a regular employee.

Unemployment Insurance benefits typically cover basic living expenses such as rent, utilities, and groceries. Typically, the insured amount is calculated using the policyholder's salary at the time the policies are purchased.

An example of the Insured about calculation for a certain Unemployment Insurance policies provider.1/2 of the insured salary multiply by 3 . If the salary of the insured is at 30,000 the insured amount would be 1/2 of 30,000 which is 15,000 multiply by 3 which would be 45,000 the insured amount.

Additionally, some Unemployment Insurance policies may offer job search assistance and training programs to help individuals find new employment opportunities. These resources can include resume writing workshops, job search websites, and career counseling services.

How much does a Unemployment Insurance policy cost ?

The premium rates for Unemployment Insurance are mainly determined by the following factors.

Industry Type
Number of employees
Estimated annual wages
State's unemployment rate
Length of time in business
Turnover rate
Prior claims history
Benefit payment options

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Why do you need to buy Unemployment Insurance via us ?

Compare Unemployment Insurance Offers from variety of insurers

Get offers (plans and pricing) from different insurance companies in one place, without the hassle of contacting each company individually. With our expertise, we know exactly which companies you need for your insurance requirements.

Manage your business via our Super-App

Forget about complicated steps and the hassle of buying group business insurance. With us, you can consult with our experts right away, no matter what type of group insurance you need

Why Us ?

Stremline your business group insurance with our dashboard business portal. Buy, manage, or cancel your business insurance policies via our portal right away. Easy and flexible.

Why Us ?

You are in safe hands! - Our customer service teams specializing in business group insurance are committed to providing prompt and efficient service. They understand that time is of the essence when it comes to insurance claims and inquiries, and work quickly to resolve any issues or concerns that customers may have.

Trust our team to reduce your customer risk with our services.

We are experts with over 20 years of experience serving over 1M+ policies issued worldwide across a variety of industries including travel and tourism, retail, and hospitality to name a few.

Customer service is our core value

Customer service is our core value since our founding. Having our roots in the direct insurance broker business we have never strayed from our excellence in customer service.

Underwritten by Leading Insurance Companies

All our services are underwrite by leading insurance companies and are up to the industry standards offering even more than traditional comprehensive insurance plans. All protection is complying with all laws , regulations, and compliance.

Proven results

We work closely with businesses to understand their unique insurance requirements and identify areas where savings can be made. We offer a range of services, including policy analysis, risk assessment, and coverage review, to ensure that businesses are getting the most value from their insurance policies.