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Lønmodtagernes Garantifond (LG)

Lønmodtagernes Garantifond (LG)

Lønmodtagernes Garantifond (LG) is a solidarity-based insurance fund that all private companies contribute to.

LG ensures that your employees are paid their respective salary, holiday allowances, and other things if your company is bankrupt or is closed down in a similar manner. If your company is in the midst of a restructuring process, LG can also assist with the payment of net salary expenses to the employees during the restructuring period.

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Apply for loans when in the midst of restructuring

If your company is in the midst of a restructuring process, you as an employer can cooperate with a restructuring agent to apply to LG for a loan to pay salaries to your employees. The loan must be repaid.

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