SEVERANCE INSURANCE Tailored severance employee insurance, it’s fast, easy, and transparent. We're making severance pay available to every single employee with a cheaper premium and multiple times the payout of the alternative -- unemployment claims. Millions of Americans get into financial trouble once they're laid off. Credit card debt, bank overdrafts, eviction notices, you name it. Many workers don't get paid severance, and unemployment payments can't be relied on - they only have a -55% chance to get approved, and even then, they hardly make ends meet. Severance is there to help employers take their first steps to the new future of employment.