Unemployment security for entrepreneurs
An employee unemployment fund does not cover an entrepreneur – you need membership of a fund for entrepreneurs. This guide explains how to build your security in good time and what to do if your business ends.
You will need
- A valid YEL (self-employed pension) insurance
- Information on your YEL income
- A membership application for an entrepreneurs' unemployment fund
- Proof that your business has ended, if needed
Steps
Find out whether you count as an entrepreneur
For unemployment security, entrepreneurs include, for example, sole traders, light entrepreneurs and managing shareholders of a limited company with a sufficient ownership share. In that case, an employee fund is not the right option.
Join an entrepreneurs' fund in good time
Check your YEL income
Meet the employment condition
End your business or full-time work
Register as a jobseeker
Apply for earnings-related daily allowance from the fund
The full guide with every step is for members. Try 7 days for €0.99.
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