How can an employee secure his or her wages if the employer becomes insolvent?

In the event that an employer becomes insolvent and does not have sufficient funds to pay outstanding wages due to employees, the Insolvency Act 1986 provides that employees become 'preferential creditors' in respect of remuneration payable for the four-month period immediately preceding the insolvency of the employer. Remuneration in these circumstances will include: wages or salary, including commission, guarantee payments, payment due on account of medical or maternity suspension and accrued holiday pay.